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Showing 1 to 2 of 2 for “"Electricity Futures"”.

  1. Three Essays on Asset Pricing

    … impact of supply and demand on risk premiums in electricity futures in a no-arbitrage model, using daily data between 2003 and 2014. The model allows for unspanned economic risk which is captured by supply and demand variables, but not identified by the futures price. The model provides a …

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  2. Essays on Financial Markets

    … Finland, Denmark, and England. Both spot and futures are traded on the exchange and in this thesis, I investigate whether the futures contracts can be used to hedge short-term positions in the underlying spot market. This question is of particular interest in the electricity market, both …

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