Go to:
Logótipo
Comuta visibilidade da coluna esquerda
Você está em: Start > Publications > View > EU spot prices and industry structure: Assessing electricity market integration
Publication

EU spot prices and industry structure: Assessing electricity market integration

Title
EU spot prices and industry structure: Assessing electricity market integration
Type
Article in International Scientific Journal
Year
2008
Authors
Patrícia Pereira da Silva
(Author)
Other
The person does not belong to the institution. The person does not belong to the institution. The person does not belong to the institution. Without AUTHENTICUS Without ORCID
Isabel Soares
(Author)
FEP
View Personal Page You do not have permissions to view the institutional email. Search for Participant Publications View Authenticus page View ORCID page
Journal
Vol. 2 No. 3
Pages: 340-350
ISSN: 1750-6220
Publisher: Emerald
Indexing
Scientific classification
FOS: Social sciences > Economics and Business
CORDIS: Social sciences > Economics
Other information
Authenticus ID: P-007-NKW
Abstract (EN): Purpose - The aim of this paper is to assess the state of spot price convergence between several European electricity day-ahead markets. Design/methodology/approach - The concept of a fully integrated market is developed through the arbitrage relationship in which spot prices at one location should equal spot prices at another location plus the price of transmission. Accordingly, neighbouring markets are analysed to measure the relevance or their respective interconnecting and transmission constraints. Exploratory data approach is used and results are discussed, namely by correlation analysis. Findings - This paper empirically shows that price differences have decreased during the analysed period, suggesting that integration between markets might be rising. The correlation analysis indicates very few relationships between these continental European power exchanges, what makes us to anticipate continuing difficulties in the building of a single electricity market. Nevertheless, there is some evidence for local integration and some price convergence. Only France and Germany appear to be relatively integrated with higher correlation coefficients, compared to the other cases. In respect to the other markets, this correlation analysis demonstrates that price variations in several locations do not affect prices in the neighbouring locations. Spain appears to be poorly integrated with the other locations as might be expected by its peripheral position and limited cross-border transmission capacity. Originality/value - The paper assesses electricity market integration in the context of European Union spot prices and industry structure.
Language: English
Type (Professor's evaluation): Scientific
Documents
We could not find any documents associated to the publication.
Related Publications

Of the same authors

The likehood of market integration. The role of day-ahead prices and industry design Edit. International Association for Energy Economics (2005)
Article in International Conference Proceedings Book
Maria Isabel Soares; Patrícia Pereira da Silva
The Iberian electricity Supply Industry in transition: market structure and price volatility ( MODELISATION) (2004)
Article in International Conference Proceedings Book
Patrícia Pereira da Silva; Maria Isabel Soares
Special topics on the transformation of the electricity supply industry: market rules and price volatilityin (2004)
Article in International Conference Proceedings Book
Maria Isabel Soares; Patrícia Pereira da Silva
The Electricity Supply Industry in Transition: market structure and Price volatility (2004)
International Conference Proceedings Book
Patrícia pereira da silva; Maria Isabel Soares

Of the same journal

A meta-heuristic approach to the unit commitment problem under network constraints (2008)
Article in International Scientific Journal
Jorge Pereira; Ana Viana; Bogdan G. Lucus; Manuel Matos
Recommend this page Top
Copyright 1996-2020 © Reitoria da Universidade do Porto  I Terms and Conditions  I Acessibility  I Index A-Z  I Guest Book
Page created on: 2020-06-04 13:37:59