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dc.contributor.authorAlsaedi, Y
dc.contributor.authorTularam, GA
dc.contributor.authorWong, V
dc.date.accessioned2020-05-14T06:16:30Z
dc.date.available2020-05-14T06:16:30Z
dc.date.issued2020
dc.identifier.issn2146-4553
dc.identifier.doi10.32479/ijeep.8567
dc.identifier.urihttp://hdl.handle.net/10072/393876
dc.description.abstractThis paper examines the impact of solar and wind prices on the Australian electricity spot and options markets for the period January 2006 to March 2018. Using a vector autoregression analysis, we examine both the direction of influence and influence absorption through Granger causality testing, the impulse response function, and forecast error variance decompositions. We identify a unidirectional Granger causal relationship between the solar and wind electricity prices and the spot prices in New South Wales, Queensland, Victoria, and South Australia. The forecast results suggest that the solar and wind electricity prices reduce the spot and options electricity market prices. These results are important for energy policymakers and government organizations that support renewables, as their use not only decreases the wholesale spot prices, but also encourages initiatives to explore and switch to alternative energy sources, which tend to be more cost effective and environmentally friendly.
dc.description.peerreviewedYes
dc.publisherEconJournals
dc.relation.ispartofpagefrom120
dc.relation.ispartofpageto133
dc.relation.ispartofissue1
dc.relation.ispartofjournalInternational Journal of Energy Economics and Policy
dc.relation.ispartofvolume10
dc.subject.fieldofresearchApplied Economics
dc.subject.fieldofresearchPolicy and Administration
dc.subject.fieldofresearchcode1402
dc.subject.fieldofresearchcode1605
dc.titleAssessing the effects of solar and wind prices on the australia electricity spot and options markets using a vector autoregression analysis
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationAlsaedi, Y; Tularam, GA; Wong, V, Assessing the effects of solar and wind prices on the australia electricity spot and options markets using a vector autoregression analysis, International Journal of Energy Economics and Policy, 2020, 10 (1), pp. 120-133
dcterms.licensehttps://creativecommons.org/licenses/by/4.0/
dc.date.updated2020-05-14T06:13:13Z
dc.description.versionPublished
gro.rights.copyright© The Author(s) 2020. This is an Open Access article distributed under the terms of the Creative Commons Attribution 4.0 International License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
gro.hasfulltextFull Text
gro.griffith.authorTularam, Gurudeo A.
gro.griffith.authorWong, Victor
gro.griffith.authorAlsaedi, Yasir H.


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