One‐day forward premiums and the impact of virtual bidding on the New York wholesale electricity market using hourly data
One‐day forward premiums and the impact of virtual bidding on the New York wholesale electricity market using hourly data
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使用每小时数据计算的一日远期溢价以及虚拟竞价对纽约批发电力市场的影响
DOI：
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发表时间：
2007
期刊：
影响因子：
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通讯作者：
H. Shawky
中科院分区：
文献类型：
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作者：
Lester Hadsell;H. Shawky
本研究考察了2001-2005年期间纽约独立系统运营商批发电力市场上每小时一天的远期溢价。研究两个代表性的区域，作者表明，保费变化的一天，一周中的一天，一个月。我们报告了各地区溢价水平和波动性的差异。我们通过引入虚拟投标来衡量向外部开放市场的影响。结果表明，虚拟投标与低保费在非高峰或接近非高峰时间;它与高保费在高峰时间。© 2007 Wiley Periodicals，Inc. Jrl Fut Mark 27：1107-1125，2007
This study examines one‐day forward premiums at the hourly level on the New York independent systems operator wholesale electricity market for the period 2001–2005. Examining two representative zones, the authors show that premiums vary by hour of day, day of week, and month. We report differences in the level and volatility of the premium across zones. We measure the impact of opening the market to outsiders through the introduction of virtual bidding. Results indicate that virtual bidding is associated with lower premiums in off‐peak or near‐off‐peak hours; it is associated with higher premiums during peak hours. © 2007 Wiley Periodicals, Inc. Jrl Fut Mark 27: 1107–1125, 2007