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Price Dynamics in a Network of Power Markets

Author

Listed:
  • De Vany, A.S.
  • Walls, W.D.

Abstract

This paper investigates the local and global dynamic behavior of spot wholesale electric power prices in the network of markets located in the western United States. We ask how local perice changes propagate over the transmission network linking the markets in this vast region. We find that the price shocks propagate first to neighboring markets and then along paths in the transmission network to more distant market locations.

Suggested Citation

  • De Vany, A.S. & Walls, W.D., 1997. "Price Dynamics in a Network of Power Markets," Papers 97-98-14, California Irvine - School of Social Sciences.
  • Handle: RePEc:fth:calirv:97-98-14
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    References listed on IDEAS

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    More about this item

    Keywords

    ELECTRICITY ; PRICES;

    JEL classification:

    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

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