Journal of Energy Markets
ISSN:
1756-3615 (online)
Editor-in-chief: Kostas Andriosopoulos
About this journal
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
Abstracting and Indexing: Scopus; EconLit; EconBiz; and Cabell’s Directory
Journal Metrics:
Journal Impact Factor: 0.4
5-Year Impact Factor: 0.5
CiteScore: 1.2
We are pleased to announce that Kostas Andriosopoulos will assume the leadership role of editor-in-chief of JEM, effective February 2025.
Kostas will be working closely with the editorial board to breathe new life into the journal by broadening the scope of our content and seeking papers from new areas of research, such as sustainability, and we welcome submissions on this topic. Should you be working on a research paper and are unsure if it is suitable for the journal, please get in touch with us.
Regrettably, this of course means Derek Bunn has decided to step down as editor-in-chief. Having founded the journal 17 years ago, Derek has been instrumental in the success of the journal since its inception and the journal remains just as relevant today as it was in 2008. Happily, Derek will continue to be affiliated with JEM as editor emeritus.
Latest papers
Machine learning in oil market volatility forecasting: the role of feature selection and forecast horizon
This paper investigates oil market volatility prediction, showing financial variables to dominate short-horizon forecasting, while macroeconomic and sentiment factors increase in importance at longer horizons
Harnessing green finance for net-zero: strategies and innovations in the Middle East and North Africa region
With a focus on the MENA region, the authors assess how green finance can contribute to efforts in achieving net-zero.
Quantifying renewables reliability risk in modern and future electricity grids
The authors suggest and demonstrate a means to quantify, allocate and account for the risk introduced to electricity production from the unpredictable intermittency of renewable energy sources.
Including climate-induced jumps in forward price trends in wholesale energy markets
Using an Ornstein–Uhlenbeck stochastic process as their starting point, the authors suggest a forward contract pricing model which incorporates a climate risk factor.
International evidence on the industrial affordability of deep decarbonization
The authors analyse industries of varying degrees of carbon intensity in IEA countries and investigate to what extent deep decarbonisation will be affordable.
Herding behavior in energy commodity futures markets amid turmoil and turmoil-free periods
This paper extends typical research on herding behavior to commodity futures markets, investigating five markets and finding herding behavior during the global financial crisis and at the beginning of the Russia - Ukraine conflict.
Financial performance in electricity and gas markets: some empirical evidence from a cluster analysis
The authors undertake a cluster analysis of energy companies in Italy and the UK for the period 2008-2017.
Sustainable power purchase contracts for local industries from floating-solar and pumped-hydro integration
The authors put forward both business and technical cases for the provision of baseload power to local industrial and commercial users by hybrid floating-solar and pumped-hydro facilities.
Revenue analysis of spot and forward solar energy sales in Texas
The study uses Texas's wholesale electricity market data to forecast solar energy prices and analyze revenue forecasts for solar plants, finding that short-term solar power purchase agreements and relative levels of forward and spot energy prices…
Key indicators for the credit risk evaluation of clients and their changing characteristics
The authors propose a credit risk evaluation model for energy performance contracting projects with debt- paying ability and long-term capital debt ratio as optimal indicators.
The impact of greenhouse gas aversion on optimal portfolios
The author applies greenhouse gas aversion to the mean-variance portfolio framework and proposes a new portfolio performance measure for greenhouse-gas-averse investors.
Volatility spillover effects and risk assessment of Indian green stocks: a DCC-GARCH analysis
The authors, focussing on India, employ a DCC-GARCH model to better understand price fluctuations and risks linked to other assets in relation to green investment projects.
Renewable energy generation capacity following the Russian invasion of Ukraine, and the stock market performance of energy firms: evidence from southern European Union countries
The authors investigate links between renewable energy investment, natural gas shortages following the Russia-Ukraine conflict and stock market performance of energy firms.
New proxy schemes for swing contracts
The authors investigate the valuation of swing contracts for energy markets and propose two methods which offer more accurate calculated prices than commonly used methods.
Gas market area mergers: when is bigger better?
The authors investigate welfare effects of gas market area mergers and argue that merged market areas benefit from increased market power.
On the contagion effect between crude oil and agricultural commodity markets: a dynamic conditional correlation and spectral analysis
The authors present an empirical study concerning the volatility comovements between crude oil and agricultural commodities relative to global economic shocks such as Covid-19 and the Russo-Ukrainian war.
Assessing the potential profitability of automated power market trading using event signals sourced from grid frequency data
The authors put forward a profitable trading strategy based on power grid events, demonstrating that minimized reaction times can increase profits.
On the potential of arbitrage trading on the German intraday power market
The authors compare ex post arbitrage trading with pair-trading on the German intraday power market and how each method may be optimised.
News-driven bubbles in futures markets
The authors offer a model which investigates the impact of trade war expectations, policy news, trading volume and cashflow on the relationship between trade war expectations and bubbles.
Incremental wind energy development in the Midcontinent Independent System Operator electricity markets of the United States
The authors offer an estimate of how much incremental wind energy development could happen while avoiding inadequate investment incentives for wind and natural-gas-fired generation in day-ahead and real-time markets.
