RT - Journal Article T1 - The Influences of the Indirect Storability on the Electricity Futures Prices, Risk Premiums and Price Expectations JF - raja-tfe YR - 2016 JO - raja-tfe VO - 1 IS - 2 UR - http://tfe.raja.ac.ir/article-1-64-en.html SP - 127 EP - 148 K1 - Futures prices K1 - risk primiums K1 - energy exchange K1 - electricity. AB - In this paper we examine the behaviour of electricity futures prices in changing the type of electricity supply to see what kind of information it would contain when we change the supply. The information varies in two types, risk premiums and the ability to forecast spot prices. So we use two different markets, Nordpool market and Netherlands market and besides that we analyse the position of electricity futures contracts in Iran. Nordpool market mostly uses hydropower to produce power and Netherlands market uses fossil fuels which have the ability to be stored. We conclude that the futures prices from Nordpool have the ability to forecast spot prices but the futures prices from Netherlands contains information about both risk premiums and expected spot price changes. LA eng UL http://tfe.raja.ac.ir/article-1-64-en.html M3 ER -