Amundsen, Eirik S.; Baldursson, Fridrik M.; Mortensen, … - Økonomisk Institut, Københavns Universitet - 2005
There is concern that prices in a market for Green Certificates (GCs) primarily based on volatile wind power will fluctuate excessively, leading to corresponding volatility of electricity prices. Applying a rational expectations simulation model of competitive storage and speculation of GCs the...