Data/hora: 09/06/2024 12:44:00

Provedor de dados: 	Research in Agricultural & Applied Economics (AgEcon Searh)	
País: 	United States	
Título: 	A Robust Multivariate Long Run Analysis of European Electricity Prices	
Autores: 	Bosco,   Bruno; Parisio,   Lucia; Pelagatti,   Matteo; Baldi,   Fabio.	
Data: 	2008-01-14	
Ano: 	2007	
Palavras-chave: 	European Electricity Prices; Cointegration; Interdependencies; Equilibrium Correction Model; Oil Prices; Resource /Energy Economics and Policy; C15; C32; D44; L94; Q40.	
Resumo: 	This paper analyses the interdependencies existing in wholesale European electricity prices. The results of a multivariate long run dynamic analysis of weekly median prices reveal the presence of a strong although not perfect integration among some neighboring markets considered in the sample and the existence of common long-term dynamics of electricity prices and gas prices but not oil prices. The existence of long-term dynamics among gas prices and electricity prices may prove to be important for long-term hedging operations to be conducted even in markets where there are no electricity derivatives.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	29014

http://purl.umn.edu/7438	
Editor: 	AgEcon Search	
Relação: 	Fondazione Eni Enrico Mattei (FEEM)&gt;International Energy Markets Working Papers

IEM Nota di Lavoro 103.2007	
Formato: 	34

application/pdf