Welcome to www.journalofenergymarkets.com

Welcome to the Journal of Energy Markets website, the only international refereed Journal focusing on new empirical work in understanding the price, risk and investment behavior of energy commodities. It intends to publish original papers on the evolution and performance of electricity, gas, oil and other energy markets, both wholesale and retail.

Subscribers to www.theJournalofenergymarkets.com are now able to access all the papers that appear in the first two editions of the Journal of Energy Markets. Visitors can also use the site to submit papers for review, subscribe, renew an existing subscription or even extend a subscription to benefit from additional cost saves.

An annual subscription to the Journal of Energy Markets includes 4 hard-copy issues and unlimited on-line access to the full archive library of research papers.

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Letter from the Editor-in-Chief

For this issue, we have compiled three important research papers and a first contribution to a new section on software reviews, which we hope will become an active feature of the journal. This reviews the AMES test bed for wholesale power markets. This software will interest readers not only because it is open source, with all of the research implications that that creates, but also because it is based on facilitating agent-based simulation, which is becoming increasingly topical for developing insights into market structure and the exercise of market power. Li and Tesfatsion, the developers, provide a reflective analysis of the software design.

Latest Issue

Volume 2 / Number 2

Pricing of hourly exercisable electricity swing options using different price processes
by Guido Hirsch

Market power in the German wholesale electricity market
by Dominik Möst and Massimo Genoese

Impacts of regulatory announcements on CO2 prices
by Maria Mansanet-Bataller and Angel Pardo

Software Review
Development of open source software for power market research: the AMES test bed
by Hongyan Li and Leigh Tesfatsion

www.journalofenergymarkets.com