Electricity market structure, electricity price, and its volatility

Youngho Chang, Cheolbeom Park

Research output: Contribution to journalArticle

11 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 languageEnglish
Pages (from-to)192-197
Number of pages6
JournalEconomics Letters
Volume95
Issue number2
DOIs
Publication statusPublished - 2007 May
Externally publishedYes

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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