| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 981704 | Procedia Economics and Finance | 2014 | 6 Pages |
The international economic literature offers a significant number of publications approaching the European energy markets functioning, including comparative studies. The development and performances of the Romanian electricity spot market were less investigated, mainly because of the relatively short period of its functioning.The paper quantifies the impact of the electricity generation utilities’ structure by primary energy resources, on bidding prices resulted after the closure of the day ahead market. The multidimensional regression method was utilized for the models development. As a result, three distinct econometric models were obtained for different hourly periods of the day (off peak hours, peak hours, daily average) for working days and other three models for the weekend days. Based on these models, negative and positive correlations were established between the electricity prices and the seasonal contribution of the different categories of energy facilities to the demand curve coverage.
