A GARCH Model to Understand the Volatility of the Electricity Spot Price in Brazil
نویسندگان
چکیده
Electricity is sensitive to extreme price events and spot volatility an inherent characteristic of competitive electricity markets. The purpose this article it model the realized in Brazil. Brazilian industry presents unique characteristics because varies a lot short period. So, we developed GARCH using 862 weekly observations understand four different market. We conclude that Brazil high risk agents. This associated with institutional factors increase share renewable energy mix.
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ژورنال
عنوان ژورنال: International Journal of Energy Economics and Policy
سال: 2023
ISSN: ['2146-4553']
DOI: https://doi.org/10.32479/ijeep.14226