They found that besides fluctuations in fuel costs that can impact electricity prices, an interconnected market was discovered between January 1995 and June 1998, before the physical connection of the UK gas market with the European continental market. Bencivenga et al. [14] investigated the ...
However, utilities’ revenues have been decreasing due to the decline of wholesale electricity prices, while costs did not develop proportionally in the same way with shrinking margins or losses as a consequence, see [8]. Against this backdrop, solutions to lower transaction costs are called for...