Spot Markets Indices as Benchmarks of Formation of Future Price Trends in the Power Exchanges of Eastern Europe
The article is concerned with a theoretical generalization of the use of indices for electric power at the European spot exchanges and elaborating proposals on establishment of a similar spot index for the Ukrainian power exchange. 16 indices that are published daily by the power exchanges BSP Re...
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| Format: | Article |
| Language: | English |
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Research Centre of Industrial Problems of Development of NAS of Ukraine
2016-01-01
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| Series: | Bìznes Inform |
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| Online Access: | http://www.business-inform.net/export_pdf/business-inform-2016-1_0-pages-43_48.pdf |
| Summary: | The article is concerned with a theoretical generalization of the use of indices
for electric power at the European spot exchanges and elaborating proposals
on establishment of a similar spot index for the Ukrainian power exchange.
16 indices that are published daily by the power exchanges BSP Regional Energy
Exchange, Power Exchange Central Europe, Polish Power Exchange and
Opcom have been analyzed. It has been indicated that these indices are used
for electricity price forecasting and monitoring the situation in the power
market. The article examines the way spot indices are calculated by power
exchanges, based on the value of the arithmetic average of market prices
«day ahead». Imperfection of such way of calculation for price index values
has been substantiated. The key characteristics of the future price index for
Ukrainian spot market as benchmarks within the introduction of futures contracts
for electricity have been identified. |
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| ISSN: | 2222-4459 2311-116X |