Electricity spot price
Identifying spikes and seasonal components in electricity spot price data: A guide to robust modeling
... of electricity markets are the abrupt and generally unan- ticipated extreme changes in the spot prices known as spikes (or ...rarity, price spikes are the very motive for designing insurance and ...
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Bayesian calibration and number of jump components in electricity spot price models
... of electricity spot price models, and multi-factor models in particular, makes their analysis statistically challenging and has given rise to a substantial ...the price is below the threshold ...
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Regime Switching Model on Hourly Electricity Spot Price Dynamics
... The spot price dynamics of electricity show signs of strong seasonality, high volatility, and generally unexpected extreme changes known as “spike” or “jumps” [2] ...[3]. Electricity ...
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Evaluation of hydropower upgrade projects a real options approach
... of spot and forward ...for electricity prices suited for the Nordic electricity market, and we represent spot and forward price dynamics similar to their one-factor ...Our ...
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Spot Price Forecasting in a Restructured Electricity Market: An Artificial Neural Network Approach
... restructured electricity markets, market participants’ mainly utilities, power producers, and traders are shown to increased risks due to spot price ...of electricity price forecasting ...
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SPOT ELECTRICITY PRICE MODELLING AND FORECASTING
... Electricity spot price modeling and forecasting is very crucial for power market ...forecast spot prices correctly can adjust its own production schedule, buy/sell power from the market and ...
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Optimal Spot Pricing of Electricity in Restructured Electricity Market
... The electricity spot price has been modeled following different statistical approaches, mainly based on mean reverting diffusion and auto-regressive ...the electricity reform processes are ...
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Modeling electricity spot prices: Regime switching models with price capped spike distributions
... market-imposed price caps in electricity spot price models is a harmless approximation or a dangerous procedure leading to under- or overestimation of price spike ...(or ...
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Reassessing the Integration of European Electricity Markets: A Fractional Cointegration Analysis
... respective spot markets (the Amsterdam Power Exchange, the European Energy Exchange, Gestore Mercati Energetici, Nordpool, Operador del Mercado Ibérico de Energía or Operator trhu s elektrinou) or Datastream ...
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On modelling the electricity futures curve
... of electricity in an economically efficient ...the electricity market since electricity must be produced at the same rate as consumed to avoid a network ...In electricity markets, sudden ...
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Volatility and Commodity Price Dynamics in Nigeria
... in spot prices of international commodities; and the liberalization of numerous markets that led to increase in corporate requirements for ...oil price on both the micro and macro sectors of the economy but ...
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HedgingStrategiesUsingFutures.ppt
... Basis = Spot price of asset to be hedged — Futures price of contract used.. The asset whose price is to be hedged may not be[r] ...
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An Error Correction Model for Forecasting Philippine Aggregate Electricity Consumption
... future electricity demand has become crucial to energy planning and ...reliable electricity demand projections in their development planning and forecasts that are way out of line can have serious economic ...
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Behavioural simulations in spot electricity markets
... equilibrium price drops from the monopoly price of the residual demand to competitive levels at n ^ u ...equilibrium price p m (n) and increases equilibrium pro…t ...the price-setter, and ...
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Asymmetric volatility in European day ahead power markets: A comparative microeconomic analysis
... analyze electricity price ...on electricity markets should focus on identifying what optimal level of volatility is and developing new tools to measure ...time electricity markets and ...
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Research on Time-of-use Electricity Price Model Based on Hierarchical Clustering-Price Elasticity Theory
... the electricity-electricity price elasticity matrix to comprehensively describe the demand price elasticity to achieve the user's accurate response to the peak-to-valley time-of-use ...
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Estimation of Energy Prices in Turkey in the Nash-Cournot Framework
... The energy market has grown considerably in terms of the companies that generate, transmit, and distribute power over the years. Such developments are called vertically integrated structures. The vertical integration of ...
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Experimental study on electricity price forec...
... wholesale price from a 24- hour operation wholesale electricity market, the wholesale price is set every 5 ...of electricity market clearing price determination starts by finding out ...
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Price Reform and Household Demand for Electricity
... use electricity more efficiently by, revising the existing rates to more closely reflect the unit cost of serving customers, thereby reducing the inter and intra class subsidies that presently exist; (iii) to ...
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How does the Increase in Electricity Price Change Behavior of Households in Craft Production? A Case Study in Craft Villages, BAC Ninh Province Vietnam
... When electricity price increases, we find three main solutions that craft households applied to deal with this issue: (i) Investing electricity-saving technology (selected by 30% of steel producing ...
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