کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5065979 1372336 2008 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The influence of temperature on spike probability in day-ahead power prices
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
پیش نمایش صفحه اول مقاله
The influence of temperature on spike probability in day-ahead power prices
چکیده انگلیسی

It is well known that day-ahead prices in power markets exhibit spikes and time-varying volatility. Spikes and extremely high volatility are the results of (short-term) frictions in demand and/or supply conditions. It is known that information on load or the reserve margin help to forecast spikes. However, these variables are not (timely) available for every market participant and this paper suggests to use temperature as a proxy. Interpreting the results from several switching-regimes models, the paper shows that the probability of spike occurrence increases when temperature deviates substantially from mean temperature levels.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Economics - Volume 30, Issue 5, September 2008, Pages 2697-2704
نویسندگان
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