Skip to main content

ICMA Centre PhD Candidate awarded best paper prize at CEMA Awards 2018

Georgi CEM Awards

The paper studies the dynamics of cross-border intra-day European power flows between multiple locations and the reaction of price on such flows. We demonstrate successfully that:

  • Electricity flows between interconnected grids to not only have a direct impact on price, where price spread between two locations reacts on electricity flows between these two location only, but also an indirect effect where electricity flow between two locations affect the price in a third location.
  • The optimal trading strategy is based not only on trivial price spread arbitrage, observed between the selected interconnected locations, but also the impact on the spreads from the flow of electricity among them.

This paper is a valuable contribution to our understanding of the effects from the market coupling process on the wholesale European power sector. Market participants also benefit from the evidence that the optimal trading strategy is the one which is based not only on trivial price spread arbitrage observed between the selected interconnected locations, but also on the impact on the spreads from the flow of electricity among them.

Visit the the CEMA Awards for further information on the paper and prize.

Published 10 July 2018

You might also like

ICMA Executive Education and CFA Institute Join Forces to Offer Fixed Income and Derivatives Programme

7 April 2009
The International Capital Market Association (ICMA), the ICMA Centre at Henley Business School (University of Reading), and CFA Institute are pleased to announce the introduction of the International Fixed Income and Derivatives (IFID) Certificate Programme to CFA Institute members.

EU/UK Scholarships announced for ICMA Centre Masters in Finance Programmes

29 October 2015
The ICMA Centre is delighted to announce a series of up to twenty 50% scholarships available to EU applicants for our 2016/17 Finance Masters programmes

Henley climbs the league table for Accounting and Finance in Complete University Guide 2017

27 April 2016
The Complete University Guide 2017 has announced that Accounting and Finance at Henley Business School has moved up to 14 overall in the UK out of over 100 institutions.
Rankings news