| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 995894 | Energy Policy | 2011 | 11 Pages |
Abstract
⺠The state of knowledge regarding modeling electricity markets is incomplete. ⺠Electricity forward premiums are not necessarily driven by risk aversion. ⺠Efficiency in production requires a certain premium for forward contracting. ⺠It is likely that market premiums are substantially higher than their optimal level. ⺠Policy regulation should not seek to eliminate forward premium entirely.
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Ofir D. Rubin, Bruce A. Babcock,