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Název:
Estimating the volatility of electricity prices: the case of the England and Wales wholesale electricity market
Autoři:
Tashpulatov, Sherzod N. Typ dokumentu: Výzkumné zprávy
Rok:
2011
Jazyk:
eng
Edice: CERGE-EI Working Paper Series, svazek: 439
Abstrakt: Price fluctuations that partially comove with demand are a specific feature inherent to liberalized electricity markets. The regulatory authority in Great Britain, however, believed that sometimes electricity prices were significantly higher than what was expected and, therefore, introduced price-cap regulation and divestment series.
Klíčová slova:
electricity prices; Fourier transform; seasonality Číslo projektu: CEZ:AV0Z70850503 (CEP), LC542 (CEP) Poskytovatel projektu: GA MŠk