Filters: Categories: Publication (X) > partyWithName: Bajura, R.A. (X)
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Models that treat innovations to the price of energy as predetermined with respect to U.S. macroeconomic aggregates are widely used in the literature. For example, it is common to order energy prices first in recursively identified VAR models of the transmission of energy price shocks. Because exactly identifying assumptions are inherently untestable, this approach in practice has required an act of faith in the empirical plausibility of the delay restriction used for identification. An alternative view that would invalidate such models is that energy prices respond instantaneously to macroeconomic news, implying that energy prices should be ordered last in recursively identified VAR models. In this paper, we propose...
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Types: Citation;
Tags: Department Of Energy,
Office of Fossil Energy,
R&D,
carbon,
sequestration
This report surveys the definitions of reserve services used in several countries and regions of Europe and the United States that have implemented competitive electricity markets. It also compares the technical specifications of these services. The systems considered are Great Britain, PJM, California, Spain, The Netherlands, Germany, France, Belgium as well as UCTE as a whole.
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