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
The Journal of Energy Markets has been selected for coverage in the Clarivate Analytics Emerging Sources Citation Index.
This paper formulates a functional optimization problem over a set of regular payoff functions to deal with the joint mitigation of combined price–volume risk using purely financial tools.
This paper proposes a stochastic model for coupled natural gas spot prices and temperature.
Risk management and portfolio optimization for gas- and coal-fired power plants in Germany: a multivariate GARCH approach
This paper investigates the hedging effectiveness of energy derivatives traded at the EEX for the purpose of mitigating the risk exposure of gas- and coal-fired power plants in Germany.
This paper investigates whether there are existing common model features that yield consistently superior results under both VaR and ES risk metrics in the energy commodities markets.
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 explores the problem of insufficient investment incentives for natural gas-fired generation in the ERCOT.
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 focusses on the dynamics of the correlations between commodities and Islamic indexes.
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 proposes a tractable quadratic programming formulation for calculating the equilibrium term structure of electricity prices.
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.
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.
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 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.