129891 - Electricity spot trading in Germany.pdf (350.41 kB)
Electricity spot trading in Germany: Price formation and convergence
journal contributionposted on 2023-05-19, 23:26 authored by Growitsch, C, Nepal, R
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.
Publication titleEnergy Studies Review
PublisherMcMaster University, DeGroote School of Business
Place of publicationCanada
Rights statementCopyright 2011 Energy Studies Review