Energy markets are one of the fastest growing and most complex sectors. From the basic role that oil has in the global economy, to the essential services that gas and electricity provide, energy is an area of geopolitical concern as well as financial activities. The Journal of Energy Markets serves as a major research outlet for new empirical and model-based work in this sector, and publishes original papers on the evolution and behaviour of electricity, gas, oil, carbon and other energy markets, both wholesale and retail.
The Journal of Energy Markets considers submissions in the form of research papers on the following, but not limited to, topics:
- Econometric analyses of prices, volatilities and across particular energy markets
- Model-based simulation of price and investment behaviour
- Theoretical and applied analyses of energy derivatives
- High frequency nonlinear models of price formation
- Longer-term geo-political analyses of energy market globalization
- Forward curve and risk premia
- Strategic behaviour by companies
- Financial aspects of new investment
- Relationship of energy and carbon markets to climate change policies
- Renewable energy financing and policy analysis
This paper looks at hourly spot prices at the German electricity market and applies extreme value theory (EVT) to investigate the tails of the price change distribution.
This paper focuses on medium-term probabilistic forecasting for risk management purposes.
This paper employs the fractional fast Fourier transform to calibrate parameters in an optimization setup.
This paper employs the least-action principle to model the complex relationship between expected load and expected price in electricity spot markets.
This paper explores the problem of insufficient investment incentives for natural gas-fired generation in the ERCOT.
This paper focusses on the dynamics of the correlations between commodities and Islamic indexes.
This paper proposes a tractable quadratic programming formulation for calculating the equilibrium term structure of electricity prices.
Approximation of the price dynamics of heating degree day and cooling degree day temperature futures
This paper proposes an approximation that makes the price dynamics of HDD and CDD temperature futures linearly dependent on the underlying temperature.
Facilitating appropriate compensation of electric energy and reserve through standardized contracts with swing
This study focuses on standardized energy and reserve contracts with swing (flexibility) in their contractual terms.
This paper looks at the time-varying relation between electricity futures prices and fundamentals.
This study examines the empirical relation between loan risk and the economic characteristics of collateral, each of which may be associated with the empirical dominance of different risk-collateral channels implied by economic theory.
The authors of this paper argue that fundamental determinants of speculative futures trading may have been misinterpreted by some as “excessive” speculation in the energy markets in recent years.
This paper assesses the risk inherent in wind turbine investments that rely on a power market in order to determine the selling price of generated power.
This paper proposes an AR–GARCH-type EVT model with various innovations for energy price risk quantification.
This paper deals with the performance of popular option strategies in the Nordic power derivatives market.
The authors examine GPS-communicated data on liquefied natural gas (LNG) tanker movements between January 2011 and August 2012 to determine the possible drivers of apparently inefficient shipping routes from producing to consuming countries.
Are world natural gas markets moving toward integration? Evidence from the Henry Hub and National Balancing Point forward curves
The authors of this paper investigate whether the US and UK gas markets are moving toward integration. As well as looking at the cointegration of the Henry Hub and National Balancing Point indexes, the authors also introduce the novel concept of…
This paper looks at hourly electricity prices, specifically in the German intraday market and is one of the first German studies to develop significant intraday estimates of the driving factors, as distinct from day-ahead modeling.
This paper looks at forward and spot market-price convergence in the competitive Texas electricity market in the presence of large-scale wind generation.