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Persistent link: https://www.econbiz.de/10012208632
The parameterisation of energy and climate policies often depends on the technology, which is price-setting in electricity markets. We propose two simple approaches to determine marginal technologies in electricity wholesale from available data. Both approaches are complementary, computationally...
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In this paper we introduce the dynamic semiparametric factor model (DSFM) for electricity forward curves. The biggest advantage of our approach is that it not only leads to smooth, seasonal forward curves extracted from exchange traded futures and forward electricity contracts, but also to a...
Persistent link: https://www.econbiz.de/10005787045
In this paper we introduce the dynamic semiparametric factor model (DSFM) for electricity forward curves. The biggest advantage of our approach is that it not only leads to smooth, seasonal forward curves extracted from exchange traded futures and forward electricity contracts, but also to a...
Persistent link: https://www.econbiz.de/10005207927
The deregulation of the Swedish electricity market in 1996 affected both the market design and the pricing of … and large company profits, a debate about the success of the deregulation has emerged. As such, the aim of this paper is … to investigate whether or not the deregulation of the Swedish electricity market has improved consumers’ welfare. The …
Persistent link: https://www.econbiz.de/10009651170
Competitive structure of power markets causes various challenges for wind resources to participate in these markets. Indeed, production uncertainty is the main cause of their low income. Thus, they are usually supported by system operators, which is in contrast with the competitive paradigm of...
Persistent link: https://www.econbiz.de/10010571913
Se estudia la evolución de la competencia en el mercado español de electricidad, proponiendo un análisis mediante teoría de juegos. Se elabora un modelo basado en juegos dinámicos siguiendo el concepto de Equilibrio Perfecto de Markov, tomando como bloque elemental una descripción de la...
Persistent link: https://www.econbiz.de/10005737009
We address the issue of modeling spot electricity prices with regime switching models. After reviewing the stylized facts about power markets we propose and fit various models to spot prices from the Nordic power exchange. Afterwards we assess their performance by comparing simulated and market...
Persistent link: https://www.econbiz.de/10005119074