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Price convergence in the Central American regional electricity market

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  • Walter Cont
  • Diego Barril
  • Agustín Carbó

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  • Walter Cont & Diego Barril & Agustín Carbó, 2021. "Price convergence in the Central American regional electricity market," Asociación Argentina de Economía Política: Working Papers 4455, Asociación Argentina de Economía Política.
    • Handle: RePEc:aep:anales:4455
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    File URL: https://aaep.org.ar/works/works2021b/4455.pdf
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    References listed on IDEAS

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    2. Ma, Hengyun & Oxley, Les, 2012. "The emergence and evolution of regional convergence clusters in China's energy markets," Energy Economics, Elsevier, vol. 34(1), pages 82-94.
    3. Peter C. B. Phillips & Donggyu Sul, 2007. "Transition Modeling and Econometric Convergence Tests," Econometrica, Econometric Society, vol. 75(6), pages 1771-1855, November.
    4. Bruno Bosco & Lucia Parisio & Matteo Pelagatti & Fabio Baldi, 2010. "Long-run relations in european electricity prices," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(5), pages 805-832.
    5. Gianfreda, Angelica & Parisio, Lucia & Pelagatti, Matteo, 2016. "Revisiting long-run relations in power markets with high RES penetration," Energy Policy, Elsevier, vol. 94(C), pages 432-445.
    6. Growitsch Christian & Nepal Rabindra & Stronzik Marcus, 2015. "Price Convergence and Information Efficiency in German Natural Gas Markets," German Economic Review, De Gruyter, vol. 16(1), pages 87-103, February.
    7. Apergis, Nicholas & Fontini, Fulvio & Inchauspe, Julian, 2017. "Integration of regional electricity markets in Australia: A price convergence assessment," Energy Economics, Elsevier, vol. 62(C), pages 411-418.
    8. de Menezes, Lilian M. & Houllier, Melanie A. & Tamvakis, Michael, 2016. "Time-varying convergence in European electricity spot markets and their association with carbon and fuel prices," Energy Policy, Elsevier, vol. 88(C), pages 613-627.
    9. Raymond Li, Roselyne Joyeux, and Ronald D. Ripple, 2014. "International Natural Gas market Integration," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    10. Timilsina, Govinda R. & Toman, Mike, 2016. "Potential gains from expanding regional electricity trade in South Asia," Energy Economics, Elsevier, vol. 60(C), pages 6-14.
    11. de Menezes, Lilian M. & Houllier, Melanie A., 2016. "Reassessing the integration of European electricity markets: A fractional cointegration analysis," Energy Economics, Elsevier, vol. 53(C), pages 132-150.
    12. Dempster, Gregory & Isaacs, Justin & Smith, Narin, 2008. "Price discovery in restructured electricity markets," Resource and Energy Economics, Elsevier, vol. 30(2), pages 250-259, May.
    13. Aatola, Piia & Ollikainen, Markku & Toppinen, Anne, 2013. "Impact of the carbon price on the integrating European electricity market," Energy Policy, Elsevier, vol. 61(C), pages 1236-1251.
    14. Joan Batalla, Jordi Paniagua, and Elisa Trujillo-Baute, 2019. "Energy Market Integration and Electricity Trade," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    15. Bunn, Derek W. & Gianfreda, Angelica, 2010. "Integration and shock transmissions across European electricity forward markets," Energy Economics, Elsevier, vol. 32(2), pages 278-291, March.
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    More about this item

    Keywords

    Electricity prices; price convergence; SIEPAC; Regional Electricity Market;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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