| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7404698 | Energy Policy | 2013 | 7 Pages |
Abstract
We provide the first high-frequency investigation of price discovery within the physical and financial layers of Europe's natural gas markets. Testing not only looks at short-term return dynamics, but also considers each security's contribution to price equilibrium in the longer-term. Results show that UK natural gas futures traded on the Intercontinental Exchange display greater price discovery than physical trading at various hubs throughout Europe.
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Emma Schultz, John Swieringa,