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What Fuels the Volatility of Electricity Prices?
- Source :
- Working Papers Series (Federal Reserve Bank of Dallas); Oct2024, Issue 2408, preceding p1-41, 42p
- Publication Year :
- 2024
-
Abstract
- We use emergency outages of coal generators as an exogenous source of variation in the power generation stack to study how changes in marginal fuel affect real-time prices. Contrary to anecdotal evidence, we find that wholesale prices are less volatile when natural gas is on the margin more often. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 19312989
- Issue :
- 2408
- Database :
- Complementary Index
- Journal :
- Working Papers Series (Federal Reserve Bank of Dallas)
- Publication Type :
- Report
- Accession number :
- 180318682
- Full Text :
- https://doi.org/10.24149/wp2408