Modeling Electricity Forward Curve Dynamics in the Nordic Market
نویسندگان
چکیده
This chapter considers the modeling of electricity forward curve dynamics with parameterized volatility and correlation structures. We estimate the model parameters by using the Nordic market’s price data and show how the model can be implemented into everyday industry practice.
منابع مشابه
Modelling of electricity forward curve dynamics
This paper considers the modelling of electricity forward curve dynamics with parameterized volatility and correlation structures. We estimate the model parameters by using the Nordic market’s price data and show how the model can be implemented into everyday industry practice.
متن کاملTransition in Iran’s Electricity Market Considering the Policies on Elimination of Electricity Subsidies: System Dynamics Application
Because of electricity subsidies, electricity price in Iran is much lower than its real value, and the growth of electricity demand is much more than its rational rate, which in turn implies ever increasing investment in the electricity section by the Government. Therefore, the recent Government policies are based on elimination of electricity subsidies, followed by commissioning complete elect...
متن کاملAnalyzing Capacity Withholding in Oligopoly Electricity Markets Considering Forward Contracts and Demand Elasticity
In this paper capacity withholding in an oligopolistic electricity market that all Generation Companies (GenCos) bid in a Cournot model is analyzed and the capacity withheld index, the capacity distortion index and the price distortion index are obtained and formulated. Then a new index, Distortion-Withheld Index (DWI), is proposed in order to measure the potential ability of market for capacit...
متن کاملMarket Based Analysis of Natural Gas and Electricity Export via System Dynamics
By increasing the extraction of natural gas, its role in the restructured power systems is being expanded, due to its lower pollution. Iran has the second largest reserves of natural gas in the world and exports it to different countries. This paper represents long run analysis of natural gas export from Iran to Turkey as a case study, considering direct transfer and exporting via the power mar...
متن کاملForcasting Electricity Losses in Transmission and Distribution Grids: System Dynamics Approach Compared to Econometric Method
In this research, the factors affecting on electricity gap were examined in the electricity industry in Iran using the system dynamics approach compared to the econometric method. In the framework of the electricity gap prediction model, simulation of energy demand were investigated as well as its supply and effective factors. Analysis of the problems with these systems was very complicated bec...
متن کامل