Handika, Rangga; Truong, Chi; Trueck, Stefan; Weron, Rafal - Hugo Steinhaus Center for Stochastic Methods, … - 2014
magnitude of price spikes in regional Australian electricity markets. We apply the so-called Heckman correction, a two … electricity markets in Australia and it is found that for these markets, load, relative air temperature and reserve margins are … significant variables for the occurrence of price spikes, while electricity loads and relative air temperature are significant …