Price spikes in the electricity markets how and why

Zedda, S;Masala, GB
2018-01-01

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.
2018
Inglese
Energy Transition: European and Global Perspectives
Hellenic Association for Energy Economics (HAEE)
GRECIA
Stefano Zedda, Giovanni Batista Masala
15
https://www.haee.gr/media/3970/s-zedda-g-masala-price-spikes-in-the-electricity-markets-how-and-why.pdf
3rd HAEE Conference: Energy Transition, European and Global Perspectives, International Event
Contributo
Esperti anonimi
3-5 Maggio 2018
Atene
internazionale
scientifica
Electricity markets; auctions; bid and offer; price spikes; probit model.
no
4 Contributo in Atti di Convegno (Proceeding)::4.1 Contributo in Atti di convegno
Zedda, S; Masala, Gb
273
2
4.1 Contributo in Atti di convegno
open
info:eu-repo/semantics/conferencePaper
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