Analysis of Electricity Market Prices Using Multidimensional Scaling

This paper studies the impact of the energy upon electricity markets using Multidimensional Scaling (MDS). Data from major energy and electricity markets is considered. Several maps produced by MDS are presented and discussed revealing that this method is useful for understanding the correlation bet...

Full description

Bibliographic Details
Main Author: Azevedo, Filipe (author)
Other Authors: Machado, J. A. Tenreiro (author)
Format: bookPart
Language:eng
Published: 2015
Subjects:
Multidimensional Scaling
Electricity Markets
Energy Markets
Hedging
Econometric Models
Electricity Price Volatility
Online Access:http://hdl.handle.net/10400.22/7004
Country:Portugal
Oai:oai:recipp.ipp.pt:10400.22/7004
Description
Summary:This paper studies the impact of the energy upon electricity markets using Multidimensional Scaling (MDS). Data from major energy and electricity markets is considered. Several maps produced by MDS are presented and discussed revealing that this method is useful for understanding the correlation between them. Furthermore, the results help electricity markets agents hedging against Market Clearing Price (MCP) volatility.

Similar Items