Wang, Peng; Zareipour, Hamidreza; Rosehart, William D. - In: Energy Policy 39 (2011) 6, pp. 3210-3221
In this paper, characteristics of the prices of reserves and regulation services in the Ontario, New York and ERCOT electricity markets are studied. More specifically, price variability, price jumps, long-range correlation, and non-linearity of the prices are analyzed using the available...