Models for Electricity Prices

  • Avishka Raghoonundun, T HE U NIVERSITY OF B RITISH C OLUMBIA
  • Published 2010

Abstract

The deregulation of electricity markets has led to higher uncertainty in electricity prices. Electricity, as a commodity, differs from other commodities and financial assets as it is not storable. Among the consequences of this non-storability restriction, the most conspicuous one is the presence of large spikes in electricity prices. Another outcome of the… (More)

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