Nord Pools olika prisområden, samma marknad?
Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Sweden is about to change through the separation into different price areas on the common Nordic electricity market. Many Scandinavian countries, acting at the Nord Pool, are already divided into several price areas. Different price areas in different countries mean that one country has different prices on one market, Nord Pool. The definition of a relevant market can be explored using various price series and to analyse if they follow long-term trend. The purpose of this paper is to examine whether the countries that are divided into different price zones in Nord Pool belong to a single market. To answer the question cointegration tests will be performed on countries such as Norway and Denmark which are divided into several price areas. Time series based on monthly data from six different price areas from January 2002 to March 2010 is used in the thesis. The results show that countries like Norway and Denmark are integrated into one market whether or not they are divided into several price areas for trade on Nord Pool. Price variations occur in the short term, in both Denmark and Norway, although the price areas in the country belong to a single market in the long run.
Place, publisher, year, edition, pages
Social Behaviour Law
Samhälls-, beteendevetenskap, juridik, nationalekonomi
IdentifiersURN: urn:nbn:se:ltu:diva-43550Local ID: 16c4f078-9449-4973-b1c5-f40d5af2c67bOAI: oai:DiVA.org:ltu-43550DiVA: diva2:1016783
Subject / course
Student thesis, at least 15 credits
Economics, master's level
Validerat; 20110701 (anonymous)2016-10-042016-10-04Bibliographically approved