کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5063796 1476702 2017 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Integration of regional electricity markets in Australia: A price convergence assessment
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
پیش نمایش صفحه اول مقاله
Integration of regional electricity markets in Australia: A price convergence assessment
چکیده انگلیسی

From an electricity market design perspective, it is relevant and practical to know which market structures allow for price convergence, and how long this takes to achieve. This study employs the Phillips and Sul (2007, 2009) methodology to test for the convergence of wholesale electricity prices across the Australian States. We identify a long-run, common price growth pattern that applies to a cluster formed by three Eastern States that share common market characteristics and limited physical interconnection. We also find another cluster with less competitive market structures that, although not interconnected, strongly converge towards their own trend. These findings confirm theoretical expectations while quantifying the rate of convergence. Finally, we also investigate the role that the carbon tax regime has played in the convergence process, with new empirical showing that the previous results are not affected, with the notable exception being the case of South Australia.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Economics - Volume 62, February 2017, Pages 411-418
نویسندگان
, , ,