Good volatility, bad volatility: What drives the asymmetric connectedness of Australian electricity markets?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F17%3A10363789" target="_blank" >RIV/00216208:11230/17:10363789 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1016/j.eneco.2017.06.010" target="_blank" >http://dx.doi.org/10.1016/j.eneco.2017.06.010</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.eneco.2017.06.010" target="_blank" >10.1016/j.eneco.2017.06.010</a>
Alternative languages
Result language
angličtina
Original language name
Good volatility, bad volatility: What drives the asymmetric connectedness of Australian electricity markets?
Original language description
Efficient delivery of network services and the electricity infrastructure to meet the long-term consumer's interests are the main objectives and the strategies of a national electricity market, while the main interests of generators are to maximize their profit through pricing strategies. Therefore, the objective of this study is to explore whether electricity prices across the four Australian States display symmetric price volatility connectedness. The study is the first attempt in the literature to make use of intraday 5-min Australian dispatch electricity prices, spanning the period December 8th, 1998 to May 5th, 2016 to quantify asymmetries in volatility connectedness emerging from good, and bad volatility. The results provide supportive evidence that the Australian electricity markets are connected asymmetrically implying the presence of some degree of market power that is exercised by generators across regional electricity markets.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Energy Economics
ISSN
0140-9883
e-ISSN
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Volume of the periodical
66
Issue of the periodical within the volume
August
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
8
Pages from-to
108-115
UT code for WoS article
000412033900011
EID of the result in the Scopus database
2-s2.0-85030484823