Price Dynamics in a Network of Power Markets

A.S. De Vany and W. Walls

Working Papers from California Irvine - School of Social Sciences

Abstract: This paper investigates the local and global dynamic behavior of spot wholesale electric power prices in the network of markets located in the western United States. We ask how local perice changes propagate over the transmission network linking the markets in this vast region. We find that the price shocks propagate first to neighboring markets and then along paths in the transmission network to more distant market locations.

Keywords: ELECTRICITY; PRICES (search for similar items in EconPapers)
JEL-codes: E30 L95 (search for similar items in EconPapers)
Pages: 18 pages
Date: 1997
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:calirv:97-98-14

Access Statistics for this paper

More papers in Working Papers from California Irvine - School of Social Sciences UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A..
Bibliographic data for series maintained by Thomas Krichel (krichel@openlib.org).