In this paper we provide a framework that explains how the market risk premium, defined as the difference between forward prices and spot forecasts, depends on

Electricity markets are being deregulated or face new regulatory frameworks. In such changing markets, new pricing strategies will need to consider such factors

The challenges currently facing particIpants m competitive electricity markets are unique and staggering: unprecedented price volatility, a crippling lack of hi

With major structural changes occuring in the electric power industry, many long-standing ways of operation will need to be thoroughly reexamined. This book dis