Detecting Structural breakpoints in natural gas and electricity wholesale prices via Bayesian ensemble approach, in the era of energy prices turmoil of 2022 period: the cases of ten European markets
Journal: arXiv (Cornell University)
Year: 2024

We investigate the impact of several critical events associated with the Russo Ukrainian war, started officially on 24 February 2022 with the Russian invasion of Ukraine, on ten European electricity markets, two natural gas markets (the European reference trading hub TTF and N.Y. NGNMX market) and how these markets interact to each other and with USDRUB exchange rate, a financial market. We analyze the reactions of these markets, manifested as breakpoints attributed to these critical events, and