Cultural advice

The Australian National University acknowledges, celebrates and pays our respects to the Ngunnawal and Ngambri people of the Canberra region and to all First Nations Australians on whose traditional lands we meet and work, and whose cultures are among the oldest continuing cultures in human history.

Aboriginal and Torres Strait Islander peoples are advised that ANU Library collections may include images, names, voices, and other representations of deceased persons.

Material in the collection may contain terms, language or views that reflect the period in which the item was created and may be considered inappropriate today.

The effect of a new power cable on energy prices volatility spillovers

Simple item page
dc.contributor.authorSapio, Alessandro
dc.contributor.authorSpagnolo, Nicola
dc.date.accessioned2022-04-28T00:27:48Z
dc.date.issued2020
dc.date.updated2022-05-15T08:16:32Z
dc.description.abstractIn this paper, we estimate volatility spillovers before and after the introduction of a new cable linking different electricity market zones. Using wholesale electricity prices for Sardinia and two neighbouring Italian market zones for the period 2005-2015, we focus on the effects of the SAPEI cable, fully operational since March 2011. VAR-GARCH estimates indicate that the SAPEI cable allowed for stronger volatility transmission towards Sardinia, a smaller zone and a net importer from its new neighbour, the Central Southern zone, albeit the effect was significant only off-peak. Higher conditional correlations between zonal prices are also observed after the cable was introduced. Some implications are drawn about the interaction between market size, export positions, congestion, and volatility transmission.
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn0301-4215en_AU
dc.identifier.urihttp://hdl.handle.net/1885/264139
dc.language.isoen_AUen_AU
dc.publisherElsevier
dc.rights© 2020 The authors
dc.sourceEnergy Policy
dc.subjectElectricity prices
dc.subjectMarket integration
dc.subjectTransmission
dc.subjectVolatility
dc.subjectVAR-GARCH
dc.titleThe effect of a new power cable on energy prices volatility spillovers
dc.typeJournal article
local.bibliographicCitation.lastpage12en_AU
local.bibliographicCitation.startpage1en_AU
local.contributor.affiliationSapio, Alessandro, Parthenope University of Naplesen_AU
local.contributor.affiliationSpagnolo, Nicola, College of Asia and the Pacific, ANUen_AU
local.contributor.authoruidSpagnolo, Nicola, t1803en_AU
local.description.embargo2099-12-31
local.description.notesImported from ARIESen_AU
local.identifier.absfor140200 - APPLIED ECONOMICSen_AU
local.identifier.ariespublicationa383154xPUB15038en_AU
local.identifier.citationvolume144en_AU
local.identifier.doi10.1016/j.enpol.2020.111488en_AU
local.identifier.scopusID2-s2.0-85085756994
local.identifier.thomsonIDWOS:000565664700004
local.publisher.urlhttps://www.sciencedirect.com/en_AU
local.type.statusPublished Versionen_AU

Downloads

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
01_Sapio_The_effect_of_a_new_power_2020.pdf
Size:
2.16 MB
Format:
Adobe Portable Document Format
Download

Collections

ANU Research Publications

DSpace software copyright © 2002-2026 LYRASIS