2004•Australasian Universities Power Engineering ConferenceRequires access
Understanding spot price behaviour in the Australian national electricity market
Ly Fie Sugianto, Moeljono Widjaja, Xuebing Lu
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Abstract
Electricity spot price movement is influenced by many factors, such as demand variations, plant outages, reserve, network constraints and gaming strategies by generators. The objective of this paper is to explore the key factors that influence electricity spot price. The paper also highlights the elasticity and volatility nature of the spot price and presents some analysis on spot price volatility in several market regions.