Characteristics of the prices of operating reserves and regulation services in competitive electricity markets

Characteristics of the prices of operating reserves and regulation services in competitive electricity markets

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Article ID: iaor20115364
Volume: 39
Issue: 6
Start Page Number: 3210
End Page Number: 3221
Publication Date: Jun 2011
Journal: Energy Policy
Authors: , ,
Keywords: economics, statistics: inference
Abstract:

  • We examine various statistical characteristics of reserve and regulation prices.
  • We compare characteristics of reserve and regulation and energy prices.
  • Reserve and regulation prices feature different patterns from energy prices.
  • Reserve and regulation prices are more dispersive and volatile than energy price.

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