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.
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Letter from the Editor-in-Chief
The four papers in this issue discuss, in their different contexts, some of the most crucial
aspects of energy risk at the moment. The geopolitics of European dependency
upon Russian gas has been a key issue in the debate on energy security and hovers
over all deliberations on longer-term power and gas prices in western Europe. In the
opening paper, “Russian gas to western Europe: a game-theoretic analysis”, Zweifel
et al focus on modeling the transit game between Belarus, Ukraine and Russia. Considering
both cooperation and non-cooperation, the predicted Nash equilibrium is a
grand coalition. They observe that the completion of the North Transgas pipeline will
benefit Russia decisively, to the detriment of Ukraine particularly.
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Russian gas to western Europe: a game-theoretic analysis |
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Modeling conditional correlations for risk diversification in crude oil markets |
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Structural interactions of European carbon trading and energy prices |
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Intra-day risk premia in European electricity forward markets |
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