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Electricity spot trading in Germany: Price formation and convergence


Growitsch, C and Nepal, R, Electricity spot trading in Germany: Price formation and convergence, Energy Studies Review, 18, (1) pp. 34-46. ISSN 0843-4379 (2011) [Refereed Article]


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Copyright 2011 Energy Studies Review

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DOI: doi:10.15173/esr.v18i1.528


This paper analyses the price developments between the European Energy Exchange EEX and OTC wholesale spot markets in Germany using a linear state space model based on Kalman filter analysis. Our results suggest increasingly integrated German wholesale spot markets for electricity. The results remain the same when correcting for the influence of the introduction of the emissions allowance trading.

Item Details

Item Type:Refereed Article
Keywords:market integation, Kalman filter
Research Division:Economics
Research Group:Applied economics
Research Field:Industry economics and industrial organisation
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Industry costs and structure
UTAS Author:Nepal, R (Dr Rabindra Nepal)
ID Code:129891
Year Published:2011
Deposited By:TSBE
Deposited On:2018-12-20
Last Modified:2019-01-21
Downloads:104 View Download Statistics

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