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Volatility-price relationships in power exchanges : a demand-supply analysis

Sapio, Sandro (contributor) - 2008

The evidence of volatility-price dependence observed in previous works (Karakatsani and Bunn 2004; Bottazzi, Sapio and Secchi 2005; Simonsen 2005) suggests that there is more to volatility than simply spikes. Volatility is found to be positively correlated with the lagged price level in settings where...

Persistent link: https://www.econbiz.de/10003746245

Some statistical investigations on the nature and dynamics of electricity prices

Bottazzi, Giulio (contributor); Sapio, Sandro (contributor); … - 2004

It is widely accepted that in liberalized electricity markets log-returns display fat-tailed densities. Besides qualitative assessments, so far precise characterizations of the shape of the distribution have been seldom provided. In this work, we characterize the conditional and unconditional...

Persistent link: https://www.econbiz.de/10003212613

The single European electricity market : a long road to convergence

Coppens, François; Vivet, David - 2006

apart from other commodities. It was demonstrated that some of these characteristics might complicate the deregulation … process. This paper analyses the ongoing deregulation process in the European electricity sector and attempts to establish … and transmission there are also exogenous factors that influence the ongoing deregulation process, e.g. the implementation …

Persistent link: https://www.econbiz.de/10003367992

Power Sector Reforms and Regulation : The Road Ahead

Morris, Sebastian - 2012

The paper reviews the situation with regard to the electricity sector and the failure of policy and regulation. It argues for direct subsidy and a market oriented unbundling of the sector to take the sector forward. It also brings out the failure of the IPP policy and the costs that it has...

Persistent link: https://www.econbiz.de/10013097602

Is Market-Oriented Reform Producing a 'Two-Track' Europe? Evidence from Electricity and Telecommunications

Clifton, Judith - 2012

The European Commission has formally recognised that adequate provision of basic household services, including energy, communications, water and transport, is key to ensuring equity, social cohesion and solidarity. Yet little research has been done on the impact of the reform of these services...

Persistent link: https://www.econbiz.de/10013101093

A Review of Liberalization and Modeling of Electricity Markets

Weigt, Hannes - 2009

This paper provides a review on the restructuring of electricity markets around the word including the UK, Norway, Continental Europe, and the US. The focus of this review lies on aspects of competitiveness and regulation in generation and transmission markets and market design, whereas...

Persistent link: https://www.econbiz.de/10013155866

Central- versus Self-Dispatch in Electricity Markets

Ahlqvist, Victor - 2019

In centralized markets, producers submit detailed cost data to the day-ahead market, and the market operator decides how much should be produced in each plant. This differs from decentralized markets that rely on self-commitment and where producers send less detailed cost information to the...

Persistent link: https://www.econbiz.de/10012896677

Productivity in Electricity Retail after Market Liberalisation : Analysing the Effects of Ownership and Firm's Governance Structure

Stiel, Caroline - 2015

This paper, which is one of the first to estimate productivity in retail electricity for a European country after liberalisation, analyses the effect of ownership and governance structure by using a unique dataset of German electricity retailers from 2003 to 2012. An innovative service...

Persistent link: https://www.econbiz.de/10013010961

Structural Versus Behavioral Remedies in the Deregulation of Electricity Markets : An Experimental Investigation Guided by Theory and Policy Concerns

Van Koten, Silvester - 2020

We try to better understand the comparative advantages of structural and behavioral remedies of deregulation in …

Persistent link: https://www.econbiz.de/10012857437

Capacity Choices in Liberalised Electricity Markets

Castro Rodríguez, Fidel - 2016

This paper addresses the issue of investment in electricity generation in the context of a liberalised market. We use the main results derived from a theoretical model where firms invest strategically to simulate the Spanish electricity system with real-world data. Our results indicate that,...

Persistent link: https://www.econbiz.de/10012994730