Price volatility analysis has been reported in the literature for most competitive electricity markets around the world. However, no studies have been published yet that quantify price volatility in the Ontario electricity market, which is the focus of the present paper. In this paper, a comparative volatility analysis is conducted for the Ontario market and its neighboring electricity markets....

This thesis addresses two main issues: first, forecasting short-term electricity market prices; and second, the application of short-term electricity market price forecasts to operation planning of demand-side Bulk Electricity Market Customers (BEMCs). The Ontario electricity market is selected as the primary case market and its structure is studied in detail. A set of explanatory variable cand...

renewable energy sources (res), especially wind power plants, have high priority of promotion in the energy policies worldwide. an increasing share of res and distributed generation (dg), should, as has been assumed, provide improvement in reliability of electricity delivery to the customers. paper presented here concentrates on electricity storage systems technologies and applications pinpoint...

The provision of reserves in power systems is of great importance in what concerns keeping an adequate and acceptable level of security and reliability. This need for reserves and the way they are defined and dispatched gain increasing importance in the present and future context of smart grids and electricity markets due to their inherent competitive environment. This paper concerns a methodol...

We examine the dependence structure of electricity spot prices across regional markets in the Australian National Electricity Market (NEM). Our analysis is based on a GARCH approach to model the marginal price series in the considered regions in combination with copulae to capture the dependence structure between the different markets. We apply different copula models including Archimedean, ell...