Electricity markets are structurally different to other commodities, and the real-time dynamic balancing of the electricity network involves many external factors. Because of this, it is not a simple matter to transfer conventional models of financial time series analysis to wholesale electricity prices.

The rationale for this compilation of chapters from international authors is, therefore, to provide econometric analysis of wholesale power markets around the world, to give greater understanding of their particular characteristics, and to assess the applicability of various...

Energy is a sector where there has always been a serious modelling tradition, but with the worldwide trend away from planned economies to new market structures, the risk, uncertainties and competitive aspects which need to be incorporated pose new challenges to analyse strategic as well as economic behaviour. Systems Modelling for Energy Policy addresses the strong and apparently countervailing themes dominating energy policy in the current decade:
* concerns about global warming have stimulated an intense and methodologically diverse level of analytical activity aimed ultimately at...