intraday markets is proven to be an effective volatility control mechanism. However, the price stabilizing effect of hydropower … can be corrected though flexible hydropower plants; however the power price is highly influenced by the fluctuations in … the reservoir level (Huisman et. al [2013]). In this paper, we question to what extent hydropower a stabilizing effect has …

correlation with wind generation. We estimate the cost of volatility in Denmark’s wind output to equal between 4% and 8% of its …

weather conditions. To account for the uncertainty in predicting wind power production, this article examines the volatility …-switching GARCH (MRS-GARCH) model on forecasting volatility of wind power. The realized volatility, which is derived from lower …-scale data, serves as a benchmark for the latent volatility. We find that the MRS-GARCH model significantly outperforms …

Purpose: The objective of the paper is to highlight the volatility of wind energy production, the renewable source of … analyse the volatility of indices in the financial field, but the present study, as well as others before, showed that it also …: The results of the study show a GARCH term of 0.936, which points out a volatility comparable to some of the riskiest …