Spatial market integration upon expanding PJM electricity market

被引：0

作者：

Jin, Licheng ^{[1
]}

Hennessy, David A. ^{[2
]}

机构：

[1] Calif ISO, Folsom, CA 95630 USA

[2] Iowa State Univ, Ctr Agr Rural Dev, Dept Econ, Ames, IA 50011 USA

来源：

2009 IEEE POWER & ENERGY SOCIETY GENERAL MEETING, VOLS 1-8 | 2009年

关键词：

Spatial market integration; electricity market; unit root test; TIME-SERIES; UNIT ROOTS; COINTEGRATION; PRICES; GAS; OIL;

D O I：

暂无

中图分类号：

TE [石油、天然气工业]; TK [能源与动力工程];

学科分类号：

0807 ; 0820 ;

摘要：

This paper conducts an empirical analysis to examine the degree of market integration in the PJM electricity market as a way to evaluate the transmission open access and market efficiency. PJM electricity market was established in 1997. However, from May 2004 to May 2005, the market was expanded greatly. The impact of the market expansion on the degree of market integration is studied. The test results indicate a high degree of market integration after the market expansion.

引用

页码：283 / +

页数：2

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