The impact of the El Niño phenomenon on electricity prices in hydrologic‐based production systems: A switching regime semi‐nonparametric approach
Abstract Electricity production in highly hydrological‐dependent systems is determined by different weather phenomena, which strongly impact spot prices. To account for such stylized facts, we propose a stochastic process with a mean reversion and switching regime component to represent the dynamics...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2023-05-01
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| Series: | Energy Science & Engineering |
| Subjects: | |
| Online Access: | https://doi.org/10.1002/ese3.1414 |