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A note on price volatility in the Australian electricity market

Conticini, Celia, Filar, Jerzy A. and Nazari Ganjehlou, Asef 2009, A note on price volatility in the Australian electricity market, ANZIAM Journal, vol. 51, pp. 730-746, doi: 10.21914/anziamj.v51i0.2655.

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Title A note on price volatility in the Australian electricity market
Author(s) Conticini, Celia
Filar, Jerzy A.
Nazari Ganjehlou, AsefORCID iD for Nazari Ganjehlou, Asef orcid.org/0000-0003-4955-9684
Journal name ANZIAM Journal
Volume number 51
Start page 730
End page 746
Total pages 17
Publisher Australian Mathematical Society
Place of publication Canberra, A.C.T.
Publication date 2009
ISSN 1445-8810
Keyword(s) Australian National Electricity Market
spot price
volatility
linear and nonlinear programming
Summary Efficiency in electricity transmission has been a worldwide `hot topic' for more than ten years and has led to reforms in many countries. However, the performance of the restructured electricity markets is often questioned since it depends, to a large extent, on the way market participants collectively respond to market rules and procedures. We examine data from Australia's National Electricity Market with emphasis on variability in spot prices. These data indicate that the structure of electricity generators' bidding offers may be one of the important contributors to the volatility in electricity prices. A scheme for reducing the volatility of spot prices is then proposed in the form of new regulations on the structure of generators' electricity price and volume bids.
Language eng
DOI 10.21914/anziamj.v51i0.2655
Indigenous content off
HERDC Research category C1.1 Refereed article in a scholarly journal
Free to Read? Yes
Persistent URL http://hdl.handle.net/10536/DRO/DU:30132069

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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.