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dc.contributor.authorAlsaedi, Y
dc.contributor.authorTularam, GA
dc.contributor.authorWong, V
dc.date.accessioned2020-05-14T06:19:33Z
dc.date.available2020-05-14T06:19:33Z
dc.date.issued2020
dc.identifier.issn2146-4553
dc.identifier.doi10.32479/ijeep.8939
dc.identifier.urihttp://hdl.handle.net/10072/393877
dc.description.abstractFollowing the liberalisation of the global electricity markets, spot and options markets have been established in many countries. Electricity pricing issues, coupled with increased concern regarding global warming and the greenhouse effect, represent the driving factors behind electricity price movements. Australia, Germany, the United States (US) and other countries worldwide have increasingly shifted their focus away from fossil fuels and towards energy generated from renewable sources, including solar and wind power. This paper examines the behaviour of the Australian, German and US electricity markets in terms of the impact of solar and wind pricing on the 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 the influence absorption through Granger causality testing, the impulse response function and forecast error variance decompositions. Our findings indicate that the electricity markets in Australia, Germany and the US are interdependent and related with regards to solar and wind price changes, meaning that the investigated electricity markets are influenced by movements in other electricity markets. The findings of this study are important for investors, energy analysts, government organisations and policymakers.
dc.description.peerreviewedYes
dc.publisherEconJournals
dc.relation.ispartofpagefrom337
dc.relation.ispartofpageto353
dc.relation.ispartofissue2
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.titleImpact of solar and wind prices on the integrated global electricity spot and options markets: A time series analysis
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationAlsaedi, Y; Tularam, GA; Wong, V, Impact of solar and wind prices on the integrated global electricity spot and options markets: A time series analysis, International Journal of Energy Economics and Policy, 2020, 10 (2), pp. 337-353
dcterms.licensehttps://creativecommons.org/licenses/by/4.0/
dc.date.updated2020-05-14T06:17:26Z
dc.description.versionVersion of Record (VoR)
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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