Estimating the volatility of electricity prices: The case of the England and Wales wholesale electricity market

Sherzod Tashpulatov ()

Energy Policy, 2013, vol. 60, issue C, 81-90

Abstract: Price fluctuations that partially comove with demand are a specific feature inherent to liberalized electricity markets. The regulatory authority in Great Britain, however, believed that sometimes electricity prices were significantly higher than what was expected and, therefore, introduced price-cap regulation and divestment series. In this study, I analyze how the introduced institutional changes and regulatory reforms affected the dynamics of daily electricity prices in the England and Wales wholesale electricity market during 1990–2001.

Keywords: Electricity prices; Conditional volatility; Regulation (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (22)

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Related works:
Working Paper: Estimating the Volatility of Electricity Prices: The Case of the England and Wales Wholesale Electricity Market (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:60:y:2013:i:c:p:81-90

DOI: 10.1016/j.enpol.2013.04.045

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