Price Spikes in the Italian Electricity Market: An Economic Analysis

Zedda, Stefano
First
;Masala, Giovanni Batista
Last
2019-01-01

Abstract

Since their liberalization, the electricity markets are characterized by a rather high volatility, which includes price spikes as one of the stylized and specific characteristics of this market. In this paper, we investigate the factors and mechanisms determining these spikes. Based on the Italian electricity market data, we perform a specific analysis of the auctions mechanisms and of the hourly bid and offer of electricity characteristics, for determining how and why do price spikes occur.
2019
2019
Inglese
MODERN ECONOMY
10
09
2145
2156
12
Esperti anonimi
internazionale
scientifica
Electricity Markets; Auctions; Bid and Offer; Price Spikes; Probit Model
no
Zedda, Stefano; Masala, Giovanni Batista
1.1 Articolo in rivista
info:eu-repo/semantics/article
1 Contributo su Rivista::1.1 Articolo in rivista
262
2
open
Files in This Item:
File Size Format  
Price Spikes ME.pdf

open access

Description: Articolo completo
Type: versione editoriale
Size 1.04 MB
Format Adobe PDF
View/Open
1.04 MB Adobe PDF View/Open

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

Questionnaire and social

Share on:
Impostazioni cookie