Website
http://dataportal.arc.gov.au/NCGP/API/grants/LX0882226
Funding Status
Closed
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Funded Activity Summary
Novel econometric techniques for modelling and forecasting electricity prices and price volatility in Australia. Price volatility, particularly price spikes, are of special importance to electricity retailers who, because of retail price regulation, cannot pass them onto final customers and end up bearing the price risk. While state governments may enter into compensation deals with retailers, it is of great interest to both parties to understand why and when these price surges occur and, once they have occurred, how long they will last. A better understanding of the electricity price process will enable more sophisticated plans and strategies to be put in place to hedge against unfavourable, unexpected or extreme price events.Funded Activity Details
Start Date: 2008
End Date: 06-2011
Funding Scheme: Linkage - International
Funding Amount: $32,700.00
Funder: Australian Research Council
Research Topics
ANZSRC Field of Research (FoR)
Time-Series Analysis | Economic Models And Forecasting | Econometrics | Applied Economics Not Elsewhere Classified
ANZSRC Socio-Economic Objective (SEO)
Microeconomic issues not elsewhere classified | Electricity services and utilities | Electricity transmission |
