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dc.contributor.authorHiggs, Helen
dc.contributor.authorWorthington, Andrew
dc.date.accessioned2017-05-03T13:06:38Z
dc.date.available2017-05-03T13:06:38Z
dc.date.issued2010
dc.date.modified2011-07-29T06:29:25Z
dc.identifier.issn08434379
dc.identifier.urihttp://hdl.handle.net/10072/38286
dc.description.abstractThe restructuring and deregulation of global electricity markets has brought about fundamental changes in the behaviour of wholesale spot prices. In turn, this has fostered a small but increasing volume of literature aimed at modeling and providing best-practice forecasts of electricity prices and price volatility, often employing very high-frequency data. The purpose of this paper is to review the various time-series regression modeling approaches as they apply to competitive electricity markets throughout the world. Apart from discussing the strengths and weaknesses of the different approaches and their key findings, the paper also examines the steps faced by researchers as they move through the modeling process. Accordingly, the article provides guidance to those conducting empirical research on electricity prices and serves as an aid for policymakers, managers and practitioners interpreting electricity pricing research outcomes.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent212627 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherMcMaster University
dc.publisher.placeCanada
dc.publisher.urihttps://www.mcmaster.ca/
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto25
dc.relation.ispartofissue1
dc.relation.ispartofjournalEnergy Studies Review
dc.relation.ispartofvolume17
dc.rights.retentionY
dc.subject.fieldofresearchEnvironment and Resource Economics
dc.subject.fieldofresearchMechanical Engineering
dc.subject.fieldofresearchcode140205
dc.subject.fieldofresearchcode0913
dc.titleModelling spot prices in deregulated wholesale electricity markets: a selected empirical review
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© 2010 McMaster University, Institute for Energy Studies. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
gro.date.issued2010
gro.hasfulltextFull Text
gro.griffith.authorWorthington, Andrew C.
gro.griffith.authorHiggs, Helen


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