Electricity market structure, electricity price, and its volatility

Youngho Chang; Cheolbeom Park

doi:10.1016/j.econlet.2006.10.002

Electricity market structure, electricity price, and its volatility

Youngho Chang, Cheolbeom Park

Research output: Contribution to journal › Article › peer-review

12 Citations (Scopus)

Abstract

The transition of the Singapore electricity market structure shows that real-time pricing with vesting contracts appears more effective than day-ahead or real-time pricing with a cap in maintaining a low electricity price and its volatility.

Original language	English
Pages (from-to)	192-197
Number of pages	6
Journal	Economics Letters
Volume	95
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2006.10.002
Publication status	Published - 2007 May
Externally published	Yes

Bibliographical note

Copyright:
Copyright 2007 Elsevier B.V., All rights reserved.

Keywords

Day-ahead market
Electricity market structure
Price volatility
Real-time market
Vesting contracts

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2006.10.002

Cite this

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title = "Electricity market structure, electricity price, and its volatility",

abstract = "The transition of the Singapore electricity market structure shows that real-time pricing with vesting contracts appears more effective than day-ahead or real-time pricing with a cap in maintaining a low electricity price and its volatility.",

keywords = "Day-ahead market, Electricity market structure, Price volatility, Real-time market, Vesting contracts",

author = "Youngho Chang and Cheolbeom Park",

year = "2007",

month = may,

doi = "10.1016/j.econlet.2006.10.002",

language = "English",

volume = "95",

pages = "192--197",

journal = "Economics Letters",

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AU - Chang, Youngho

AU - Park, Cheolbeom

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N2 - The transition of the Singapore electricity market structure shows that real-time pricing with vesting contracts appears more effective than day-ahead or real-time pricing with a cap in maintaining a low electricity price and its volatility.

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KW - Day-ahead market

KW - Electricity market structure

KW - Price volatility

KW - Real-time market

KW - Vesting contracts

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DO - 10.1016/j.econlet.2006.10.002

M3 - Article

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SN - 0165-1765

VL - 95

SP - 192

EP - 197

JO - Economics Letters

JF - Economics Letters

IS - 2

ER -

Electricity market structure, electricity price, and its volatility

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

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