Modelling Prices in Competitive Electricity Markets Bunn Hardback 9780470848609

Modelling Prices in Competitive Electricity MarketsAuthor(s): Derek W. Bunn\nFormat: Hardback\nPublisher: John Wiley & Sons Inc, United States\nImprint: John Wiley & Sons Inc\nISBN-13: 9780470848609, 978-0470848609\nSynopsis\nElectricity markets are structurally different to othercommodities, and the real-time dynamic balancing of the electricitynetwork involves many external factors. Because of this, it is nota simple matter to transfer conventional models of financial timeseries analysis to wholesale electricity prices. The rationale for this compilation of chapters from internationalauthors is, therefore, to provide econometric analysis of wholesalepower markets around the world, to give greater understanding oftheir particular characteristics, and to assess the applicabilityof various methods of price modelling. Researchers and professionals in this sector will find the book aninvaluable guide to the most important state-of-the-art modellingtechniques which are convergi.