Market integration among electricity markets and their major fuel source markets
Dynamic price information flows among U.S. electricity wholesale spot prices and the prices of the major electricity generation fuel sources, natural gas, uranium, coal, and crude oil, are studied. Multivariate time series methods applied to weekly price data show that in contemporaneous time peak e...
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| Veröffentlicht in: | Energy economics 2009-05, Vol.31 (3), p.482-491 |
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| container_end_page | 491 |
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| container_title | Energy economics |
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| creator | Mjelde, James W. Bessler, David A. |
| description | Dynamic price information flows among U.S. electricity wholesale spot prices and the prices of the major electricity generation fuel sources, natural gas, uranium, coal, and crude oil, are studied. Multivariate time series methods applied to weekly price data show that in contemporaneous time peak electricity prices move natural gas prices, which in turn influence crude oil. In the long run, price is discovered in the fuel sources market (except uranium), as these prices are weakly exogenous in a reduced rank regression representation of these energy prices. |
| doi_str_mv | 10.1016/j.eneco.2009.02.002 |
| format | Article |
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In the long run, price is discovered in the fuel sources market (except uranium), as these prices are weakly exogenous in a reduced rank regression representation of these energy prices.</description><subject>Applied sciences</subject><subject>Crude oil</subject><subject>Economic data</subject><subject>Economic integration</subject><subject>Electric energy</subject><subject>Electricity</subject><subject>Electricity generation</subject><subject>Electricity prices</subject><subject>Energy</subject><subject>Energy economics</subject><subject>Energy industry</subject><subject>Energy market</subject><subject>Energy prices</subject><subject>Exact sciences and technology</subject><subject>Fuel prices</subject><subject>Fuels</subject><subject>General, economic and professional studies</subject><subject>Information</subject><subject>Integration</subject><subject>Market dynamics</subject><subject>Market structure</subject><subject>Markets</subject><subject>Methodology. 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| fulltext | fulltext |
| identifier | ISSN: 0140-9883 |
| ispartof | Energy economics, 2009-05, Vol.31 (3), p.482-491 |
| issn | 0140-9883 1873-6181 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_37142179 |
| source | RePEc; PAIS Index; Elsevier ScienceDirect Journals |
| subjects | Applied sciences Crude oil Economic data Economic integration Electric energy Electricity Electricity generation Electricity prices Energy Energy economics Energy industry Energy market Energy prices Exact sciences and technology Fuel prices Fuels General, economic and professional studies Information Integration Market dynamics Market structure Markets Methodology. Modelling Multivariate analysis Natural gas Natural gas prices Prices Regression Regression analysis Studies Time series U.S.A Uranium VECM VECM Market dynamics Electricity prices Fuel prices |
| title | Market integration among electricity markets and their major fuel source markets |
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