• A Comparative Analysis of Price Drivers of Day-Ahead Electricity Prices in EPEX and Nord Pool 

      Sator, Alma; Kamperud, Hilde Hørthe (Master thesis, 2016)
      European energy markets have undergone, and will continue to undergo, large changes in coming years, as the share of renewable energy power production increases and markets become more interconnected. We analyze the ...
    • Essays on electricity price modelling 

      Hagfors, Lars Ivar (Doctoral theses at NTNU;2018:302, Doctoral thesis, 2018)
      This doctoral thesis consists of 6 separate research essays. The essays all use various econometric modelling techniques to examine different aspects of the move towards cleaner energy in Europe, from an economic point of ...
    • Handel av oljeterminkontrakter : En tilnærming basert på kointegrasjon 

      Aarskog, Simen L.; Hagfors, Lars Ivar (Master thesis, 2012-08-28)
      Finansmarkedet består av en rekke aktører som er på stadig søken etter potensielle investeringsmuligheter eller instrumenter som kan bidra til å redusere risiko. Oljemarkedet utgjør et av verdens største markeder. Det ...
    • Investment in electric energy storage under uncertainty: a real options approach 

      Bakke, Ida; Fleten, Stein-Erik; Hagfors, Lars Ivar; Hagspiel, Verena; Norheim, Beate; Wogrin, Sonja (Journal article; Peer reviewed, 2016)
      In this paper we develop a real options approach to evaluate the profitability of investing in a battery bank. The approach determines the optimal investment timing under conditions of uncertain future revenues and investment ...
    • Investment in mutually exclusive transmission projects under policy uncertainty 

      Bakke, Ida; Fleten, Stein-Erik; Hagfors, Lars Ivar; Hagspiel, Verena; Norheim, Beate (Journal article; Peer reviewed, 2016)
      In this paper we evaluate mutually exclusive transmission projects under policy and economic uncertainty. The alternatives being considered are transmission investment projects between Norway and Germany, and Norway and ...
    • Modeling the Nord Pool system price : a quantile regression approach 

      Nguyen, Mai Thi (Master thesis, 2015)
      This thesis contributes to the area of research on electricity price formation by studying how fundamental factors influence different quantiles of the distribution of the Nord Pool system price. Using quantile regression, ...
    • Modeling the UK electricity price distributions using quantile regression 

      Hagfors, Lars Ivar; Bunn, Derek; Kristoffersen, Eline; Staver, Tiril Toftdahl; Westgaard, Sjur (Journal article; Peer reviewed, 2016)
      In this paper we develop fundamental quantile regression models for the UK electricity price in each trading period. Intraday properties of price risk, as represented by the predictive distribution rather than expected ...
    • On the hedge and safe haven properties of Bitcoin: Is it really more than a diversifier? 

      Bouri, Elie; Molnar, Peter; Azzi, Georges; Roubaud, David; Hagfors, Lars Ivar (Journal article; Peer reviewed, 2017)