Transfer entropy and causal price spillovers between core and Southeast European electricity markets

George P. Papaioannou; George Evangelidis; Panagiotis G. Papaioannou

doi:10.20935/acadenergy8196

March 26, 2026Academia green energy.Open Access

Transfer entropy and causal price spillovers between core and Southeast European electricity markets

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Key Points

The research aims to explore the relationships and price differences between various electricity markets in Europe.
Utilized Normalized Transfer Entropy to analyze causal dynamics.
Examined price interactions among seven European electricity markets.
Applied a nonlinear, information-theoretic framework.
Identified significant price spillovers between core and Southeast European electricity markets.
Revealed varying levels of market integration across the examined countries.

Implication

Analysis examines price spillovers in European electricity markets, indicating complex integration dynamics.

Abstract

Introduction: This study examines the causal dynamics of electricity market integration and price differentials across seven European markets—Austria, Bulgaria, Greece, Hungary, Italy (South), Romania, and Slovenia—using the nonlinear, information-theoretic framework of Normalized Transfer Entropy (NTE).

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Cite This Study

Papaioannou et al. (2026) studied this question.

synapsesocial.com/papers/69c771988bbfbc51511e195d https://doi.org/10.20935/acadenergy8196

View Full Paper

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Transfer entropy and causal price spillovers between core and Southeast European electricity markets

Key Points

Implication

Abstract

Discussion

Cite This Study

Transfer entropy and causal price spillovers between core and Southeast European electricity markets

Key Points

Implication

Abstract

Discussion

Cite This Study

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