This paper examines empirically the relationship between electricity spot and futures prices, by analysing a decade of data for a set of short term-to-maturity futures contracts traded in the Nordic Power Exchange, Nord Pool. It is found that, on average, there are significant positive risk...

En este trabajo se describen, con un carácter eminentemente práctico, algunas de las técnicas de Estadística y de Econometría Espacial diseñadas para el trabajo empírico con datos y con procesos espaciales. En primer lugar se justifica la necesidad de su uso. Luego se describen las...

El objetivo de esta investigación consiste en obtener una estimación de la economía sumergida y del fraude fiscal tanto para el conjunto de la economía española como para las provincias españolas con la intención de ofrecer una primera aproximación de la cuantía y de la distribución...

Whatever derivative contract has a finite life limited by their maturity. The construction of long series, however, is of interest for academic, hedging and investments purposes. In this study, we analyze the relevance of the choice of the rollover date on European Union Allowances (EUAs) and...

This paper examines the importance of the regular patterns in the behavior of electricity prices, and its implications for the purposes of derivative pricing. We analyze the Nordic Power Exchange’s spot, futures, and forward prices. We conclude that the seasonal systematic pattern...

This paper analyses the economic incentives embodied in the rules governing the resolution of transmission constraints in the Spanish wholesale electricity market and the way these incentives may have influenced on the trading behaviour of both the generators and the demand side. The evidence...

This paper examines empirically the relationship between electricity spot and futures prices, by analysing a decade of data for a set of short term-to-maturity futures contracts traded in the Nordic Power Exchange. It is found that, on average, there are significant positive risk premiums in...