Skip to main content
placeholder image

Electricity spot trading in Germany: Price formation and convergence

Journal Article


Abstract


  • This paper analyses the price developments between the European Energy Exchange EEX and OTC wholesale spot markets in Germany using a linear state space model based on Kalman filter analysis. Our results suggest increasingly integrated German wholesale spot markets for electricity. The results remain the same when correcting for the influence of the introduction of the emissions allowance trading.

Publication Date


  • 2011

Citation


  • Growitsch, C., & Nepal, R. (2011). Electricity spot trading in Germany: Price formation and convergence. Energy Studies Review, 18(1). doi:10.15173/esr.v18i1.528

Scopus Eid


  • 2-s2.0-84857336690

Web Of Science Accession Number


Volume


  • 18

Issue


  • 1

Abstract


  • This paper analyses the price developments between the European Energy Exchange EEX and OTC wholesale spot markets in Germany using a linear state space model based on Kalman filter analysis. Our results suggest increasingly integrated German wholesale spot markets for electricity. The results remain the same when correcting for the influence of the introduction of the emissions allowance trading.

Publication Date


  • 2011

Citation


  • Growitsch, C., & Nepal, R. (2011). Electricity spot trading in Germany: Price formation and convergence. Energy Studies Review, 18(1). doi:10.15173/esr.v18i1.528

Scopus Eid


  • 2-s2.0-84857336690

Web Of Science Accession Number


Volume


  • 18

Issue


  • 1