Day-Ahead Premiums on the Midwest ISO

Nicholas Bowden, Su Hu and James Payne

The Electricity Journal, 2009, vol. 22, issue 2, 64-73

Abstract: An examination of day-ahead premiums for the Midwest ISO from September 2005 to December 2007 reveals that premiums are positive and statistically significant across all five hubs, indicating inefficiency in the Midwest wholesale electricity market. Further, day-ahead premiums exhibit monthly seasonal variation with some indication of the day-ahead premiums declining over time in three of the five hubs.

Date: 2009
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