Market integration among electricity markets and their major fuel source markets

被引：73

作者：

Mjelde, James W. ^{[1
]}

Bessler, David A. ^{[1
]}

机构：

[1] Texas A&M Univ, Dept Agr Econ, College Stn, TX 77845 USA

来源：

ENERGY ECONOMICS | 2009年 / 31卷 / 03期

关键词：

VECM; Market dynamics; Electricity prices; Fuel prices; NATURAL-GAS; VOLATILITY; OIL; MODEL; RANK; UK;

D O I：

10.1016/j.eneco.2009.02.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Dynamic price information flows among U.S. electricity wholesale spot prices and the prices of the major electricity generation fuel sources, natural gas, uranium, coal, and crude oil. are studied. Multivariate time series methods applied to weekly price data show that in contemporaneous time peak electricity prices move natural gas prices, which in turn influence crude oil. In the long run, price is discovered in the fuel sources market (except uranium), as these prices are weakly exogenous in a reduced rank regression representation of these energy prices. (C) 2009 Elsevier B.V. All rights reserved.

引用

页码：482 / 491

页数：10

共 50 条

[21] Market integration in Brazilian shrimp markets
Pincinato, Ruth Beatriz Mezzalira
Asche, Frank
AQUACULTURE ECONOMICS & MANAGEMENT, 2016, 20 (04) : 357 - 367
[22] Market price calculations in restructured electricity markets
Doorman, G
Nygreen, B
ANNALS OF OPERATIONS RESEARCH, 2003, 124 (1-4) : 49 - 67
[23] Effective market monitoring in deregulated electricity markets
Rahimi, AF
Sheffrin, AY
IEEE TRANSACTIONS ON POWER SYSTEMS, 2003, 18 (02) : 486 - 493
[24] Nodal market power assessment in electricity markets
Wang, P
Xiao, Y
Ding, Y
IEEE TRANSACTIONS ON POWER SYSTEMS, 2004, 19 (03) : 1373 - 1379
[25] Market Price Calculations in Restructured Electricity Markets
Gerard Doorman
Bjørn Nygreen
Annals of Operations Research, 2003, 124 : 49 - 67
[26] Upstream competition and vertical integration in electricity markets
Mansur, Erin T.
JOURNAL OF LAW & ECONOMICS, 2007, 50 (01): : 125 - 156
[27] Integration of Renewable Energy in Markets: Analysis of Key European and American Electricity Markets
Algarvio, Hugo
Lopes, Fernando
Santana, Joao
TECHNOLOGICAL INNOVATION FOR INDUSTRY AND SERVICE SYSTEMS, DOCEIS 2019, 2019, 553 : 321 - 328
[28] Integration of Demand Response into Wholesale Electricity Markets
Reid, Elizabeth
Gerber, Spence
Adib, Parviz
2009 IEEE/PES POWER SYSTEMS CONFERENCE AND EXPOSITION, VOLS 1-3, 2009, : 857 - 857
[29] Market integration in US gasoline markets
Paul, RJ
Miljkovic, D
Ipe, V
APPLIED ECONOMICS, 2001, 33 (10) : 1335 - 1340
[30] Electricity Price Forecasting in European Day Ahead Markets: A Greedy Consideration of Market Integration
Van der Heijden, Ties
Lago, Jesus
Palensky, Peter
Abraham, Edo
IEEE ACCESS, 2021, 9 : 119954 - 119966

← 1 2 3 4 5 →