Original title:
Estimating the volatility of electricity prices: the case of the England and Wales wholesale electricity market
Authors:
Tashpulatov, Sherzod N. Document type: Research reports
Year:
2011
Language:
eng Series:
CERGE-EI Working Paper Series, volume: 439 Abstract:
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.
Keywords:
electricity prices; Fourier transform; seasonality Project no.: CEZ:AV0Z70850503 (CEP), LC542 (CEP) Funding provider: GA MŠk