What Fuels the Volatility of Electricity Prices?

This paper uses emergency outages of coal generators as an exogenous source of variation in the power generation stack to study how changes in marginal fuel affect real-time prices. Contrary to anecdotal evidence, the authors find that wholesale prices are less volatile when natural gas is on the margin more often.

Authors

Alessio Saretto
Anastasia Shcherbakova (ORCID: https://orcid.org/0000-0001-6318-9689)
Jeremy Lin (ORCID: https://orcid.org/0000-0002-9331-6949)

Publication Details

Journal: Federal Reserve Bank of Dallas, Working Papers
Published: 2024-10-01
DOI: https://doi.org/10.24149/wp2408
Primary Topic: Energy Efficiency and Management
Type: article
Field-Weighted Citation Impact: 0.00

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article

What Fuels the Volatility of Electricity Prices?

Alessio Saretto, Anastasia Shcherbakova, Jeremy Lin

Oct 1, 2024

Federal Reserve Bank of Dallas, Working Papers

Energy Efficiency and Management

article

What Fuels the Volatility of Electricity Prices?

Alessio Saretto, Anastasia Shcherbakova, Jeremy Lin

October 1, 2024article en

Abstract

Federal Reserve Bank of Dallas, Working PapersVol. 2024(2408)

Openalex Percentile: Top 90%

Energy Efficiency and Management

DOI Source OpenAlex

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What Fuels the Volatility of Electricity Prices? — Alessio Saretto, Anastasia Shcherbakova, et al. · Federal Reserve Bank of Dallas, Working Papers (2024) | TGRS Research Map | TGRS