Common long-range dependence in a panel of hourly Nord Pool electricity prices and loads

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• 作者：Yunus Emre Ergemen ; Niels Haldrup ; ^{nhaldrup@econ.au.dk} ; Carlos Vladimir Rodrí ; guez-Caballero
• 关键词：C33 ; C38 ; Q4 ; Q41
• 刊名：Energy Economics
• 出版年：2016
• 出版时间：November 2016
• 年：2016
• 卷：60
• 期：Complete
• 页码：79-96
• 全文大小：2577 K
• 卷排序：60

文摘

Hourly Nord Pool electricity system prices and loads are analyzed. Novel panel data approaches allowing for long range dependence are used in modeling the dynamics. Equilibrium analysis is carried out between electricity prices and loads. The periodic power supply (marginal cost) curve is estimated. Supply elasticities range from 0.5 to 1.17 with largest values during peak hours.