Dear Vince J Kaminski, As a Mathematical Trading and Finance MSc student (City University London) I am writing my dissertation on "power forward curves". Since you have participated in the writing of the book "Managing Energy Price" I was wondering if you could eventually help me. The MRHV model seams to be the best econometric one to model the electricity forward curve. I understand and know how to work out with the classic Mean Reverting Process, but I don't understand the MRHV (I don't know the discretised form and I cannot even find any paper, or article on it) and how to get rid of the exponent to estimate my parameters (long-run mean, Speed of mean reversion, volatility, exponent, Floor price). Thank you by advance for any help Yours sincerely
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MRHV Model (power curve)