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's volatility. This effect has been investigated after having removed, from electricity data time series, the periodic behavior …, through a multiple linear regression. Then, to study volatility dynamics, we fit a two-states Markov-switching model to … represent a high-volatility and a low-volatility states of the world. This model highlighted that in both states the level of …
Persistent link: https://www.econbiz.de/10012824004
challenge. Australia's target is to reduce carbon emissions by between 26% and 28% by 2030 compared to 2005 emission levels … causality among electricity pricing, carbon prices, and carbon emissions in the long run. Therefore, Australia needs to …
Persistent link: https://www.econbiz.de/10012320301
Persistent link: https://www.econbiz.de/10002159989
electricity price volatility. We use emergency outages of coal generators as an exogenous source of variation in the power …
Persistent link: https://www.econbiz.de/10012893936
In this paper we investigate the introduction of an export tax on steam coal levied by an individual country (Australia …
Persistent link: https://www.econbiz.de/10010519916
Australia’s carbon price has been in operation for two years. The electricity sector accounts for the majority of …
Persistent link: https://www.econbiz.de/10014129510
’s volatility. This effect has been investigated after having removed, from electricity data time series, the periodic behavior …, through a multiple linear regression. Then, to study volatility dynamics, we fit a two-states Markov-switching model to … represent a high-volatility and a low-volatility states of the world. This model highlighted that in both states the level of …
Persistent link: https://www.econbiz.de/10012269865
Many countries have introduced policies to stimulate the production of electricity in a sustainable or renewable way. Theoretical and simulation studies provide evidence that the introduction of renewable energy promotion policies lead to lower electricity prices as sustainable energy supply as...
Persistent link: https://www.econbiz.de/10013074458
This paper provides insight in the time-varying relation between electricity futures prices and fundamentals in the form of prices of contracts for fossil fuels. As supply curves are not constant and different producers have different marginal costs of production, we argue that the relation...
Persistent link: https://www.econbiz.de/10013006138
We investigate the impacts of the carbon tax (effective July 2012 to July 2014) on wholesale electricity prices in the Australian National Electricity Market (NEM). Analyzing spot and futures contracts in four major regional markets, we first compute ex-ante forward risk premiums in the pre-tax...
Persistent link: https://www.econbiz.de/10012966812