Price dynamics among U.S. electricity spot markets
作者： Haesun Park , James W. Mjelde , David A. Bessler
DOI: 10.1016/J.ENECO.2005.09.009
关键词: Vector autoregression 、 Spot contract 、 Open market operation 、 Economy 、 Electricity 、 Time series 、 Electricity pricing 、 Spot market 、 Monetary economics 、 Economics 、 Econometric model
摘要: Combining recent advances in causal flows with time series analysis, relationships among 11 U.S. spot market electricity prices are examined. Results suggest that the markets vary by frame. In contemporaneous time, western separated from eastern and Electricity Reliability Council of Texas. At longer frames these separations disappear, even though transmission between regions is limited. It appears not only a function physical assets (such as transmissions lines markets), but similar dissimilar institutional arrangements markets.
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