scholarly journals Market structure and the stability and volatility of electricity prices

2009 ◽  
Vol 31 (2) ◽  
pp. 278-288 ◽  
Author(s):  
Mikael Bask ◽  
Anna Widerberg
2014 ◽  
Vol 2014 ◽  
pp. 1-10
Author(s):  
Xuhui Li

A competitive model of market structure with consumptive delays is considered. The local stability of the positive equilibrium and the existence of local Hopf bifurcation are investigated by analyzing the distribution of the roots of the associated characteristic equation. The explicit formulas determining the stability and other properties of bifurcating periodic solutions are derived by using normal form theory and center manifold argument. Finally, numerical simulations are given to support the analytical results.


2017 ◽  
Vol 9 (2) ◽  
Author(s):  
Johannes Lips

AbstractDuring the last years, the German energy sector and especially its electricity market was affected by a major energy transition, the so called „Energiewende“. This transition led to an increase of electricity production from renewable sources and thereby affected the whole electricity market. Therefore, it provides lessons for countries, which are only beginning a similar transition away from fossil fuels to renewable energy sources. The aim of this analysis is to assess if there still exists a relationship between fossil fuel and electricity prices. Due to possible structural breaks in the time series a minimum Lagrange Multiplier (LM) stationarity test is applied, which endogenously determines possible structural breaks. Subsequently a bootstrap approach is used to estimate confidence intervals (C.I.s) for the test statistic and the possible break dates. Furthermore, the stability of the cointegration vector is assessed with the test by Hansen and Johansen (


Author(s):  
Konstantinos Kakouris ◽  
Dimitrios Psychoyios

Regulators were the only institution who set the electricity prices, including costs of transmission, distribution, and generation. Nowadays, this has changed. Electricity prices are determined by the fundamental economic rule of supply and demand. The forthcoming work examines a potential relationship between electricity price and fuel mix. The authors use the Nordic System's electricity prices and generation. They conclude that hydropower and nuclear power plays a vital role in the futures energy mix and in the stability of electricity prices. A spillover effect is detected between electricity prices and fuel mix, but a need for further research is recommended.


1982 ◽  
Vol 99 ◽  
pp. 605-613
Author(s):  
P. S. Conti

Conti: One of the main conclusions of the Wolf-Rayet symposium in Buenos Aires was that Wolf-Rayet stars are evolutionary products of massive objects. Some questions:–Do hot helium-rich stars, that are not Wolf-Rayet stars, exist?–What about the stability of helium rich stars of large mass? We know a helium rich star of ∼40 MO. Has the stability something to do with the wind?–Ring nebulae and bubbles : this seems to be a much more common phenomenon than we thought of some years age.–What is the origin of the subtypes? This is important to find a possible matching of scenarios to subtypes.


1999 ◽  
Vol 173 ◽  
pp. 309-314 ◽  
Author(s):  
T. Fukushima

AbstractBy using the stability condition and general formulas developed by Fukushima (1998 = Paper I) we discovered that, just as in the case of the explicit symmetric multistep methods (Quinlan and Tremaine, 1990), when integrating orbital motions of celestial bodies, the implicit symmetric multistep methods used in the predictor-corrector manner lead to integration errors in position which grow linearly with the integration time if the stepsizes adopted are sufficiently small and if the number of corrections is sufficiently large, say two or three. We confirmed also that the symmetric methods (explicit or implicit) would produce the stepsize-dependent instabilities/resonances, which was discovered by A. Toomre in 1991 and confirmed by G.D. Quinlan for some high order explicit methods. Although the implicit methods require twice or more computational time for the same stepsize than the explicit symmetric ones do, they seem to be preferable since they reduce these undesirable features significantly.


Author(s):  
Godfrey C. Hoskins ◽  
V. Williams ◽  
V. Allison

The method demonstrated is an adaptation of a proven procedure for accurately determining the magnification of light photomicrographs. Because of the stability of modern electrical lenses, the method is shown to be directly applicable for providing precise reproducibility of magnification in various models of electron microscopes.A readily recognizable area of a carbon replica of a crossed-line diffraction grating is used as a standard. The same area of the standard was photographed in Phillips EM 200, Hitachi HU-11B2, and RCA EMU 3F electron microscopes at taps representative of the range of magnification of each. Negatives from one microscope were selected as guides and printed at convenient magnifications; then negatives from each of the other microscopes were projected to register with these prints. By deferring measurement to the print rather than comparing negatives, correspondence of magnification of the specimen in the three microscopes could be brought to within 2%.


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