Electricity Market Integration, Decarbonisation and Security of Supply: Dynamic Volatility Connectedness in the Irish and Great Britain Markets

Hung Do; Rabindra Nepal; Tooraj  Jamasb

doi:10.22439/csei.pb.004

Electricity Market Integration, Decarbonisation and Security of Supply: Dynamic Volatility Connectedness in the Irish and Great Britain Markets

Hung Do, Rabindra Nepal, Tooraj Jamasb

Department of Economics

University of Wollongong

Research output: Working paper › Research

30 Downloads (Pure)

Abstract

This study investigates the volatility connectedness between the Irish and Great Britain electricity markets and how it is driven by changes in energy policy, institutional structures and political ideologies. We assess various aspects of volatility connectedness between 2009 and 2018. Among other implications, our results suggest that supporting renewable generation by setting an appropriate carbon price in interconnected wholesale electricity markets will improve market integration.

Original language	English
Place of Publication	Copenhagen
Publisher	Copenhagen School of Energy Infrastructure
Number of pages	2
DOIs	https://doi.org/10.22439/csei.pb.004
Publication status	Published - 2020

Series	CSEI Policy Brief
Number	4

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.22439/csei.pb.004Licence: CC BY

hung_do_et_al_csei_policy_brief_004Final published version, 84.3 KBLicence: CC BY

Handle.net

Persistent link

Cite this

@techreport{1d73ee9b0dd240c0ac80e474b4d8cd62,

title = "Electricity Market Integration, Decarbonisation and Security of Supply: Dynamic Volatility Connectedness in the Irish and Great Britain Markets",

abstract = "This study investigates the volatility connectedness between the Irish and Great Britain electricity markets and how it is driven by changes in energy policy, institutional structures and political ideologies. We assess various aspects of volatility connectedness between 2009 and 2018. Among other implications, our results suggest that supporting renewable generation by setting an appropriate carbon price in interconnected wholesale electricity markets will improve market integration. ",

author = "Hung Do and Rabindra Nepal and Tooraj Jamasb",

year = "2020",

doi = "10.22439/csei.pb.004",

language = "English",

series = "CSEI Policy Brief",

publisher = "Copenhagen School of Energy Infrastructure",

number = "4",

address = "Denmark",

type = "WorkingPaper",

institution = "Copenhagen School of Energy Infrastructure",

}

TY - UNPB

T1 - Electricity Market Integration, Decarbonisation and Security of Supply

T2 - Dynamic Volatility Connectedness in the Irish and Great Britain Markets

AU - Do, Hung

AU - Nepal, Rabindra

AU - Jamasb, Tooraj

PY - 2020

Y1 - 2020

N2 - This study investigates the volatility connectedness between the Irish and Great Britain electricity markets and how it is driven by changes in energy policy, institutional structures and political ideologies. We assess various aspects of volatility connectedness between 2009 and 2018. Among other implications, our results suggest that supporting renewable generation by setting an appropriate carbon price in interconnected wholesale electricity markets will improve market integration.

AB - This study investigates the volatility connectedness between the Irish and Great Britain electricity markets and how it is driven by changes in energy policy, institutional structures and political ideologies. We assess various aspects of volatility connectedness between 2009 and 2018. Among other implications, our results suggest that supporting renewable generation by setting an appropriate carbon price in interconnected wholesale electricity markets will improve market integration.

U2 - 10.22439/csei.pb.004

DO - 10.22439/csei.pb.004

M3 - Working paper

T3 - CSEI Policy Brief

BT - Electricity Market Integration, Decarbonisation and Security of Supply

PB - Copenhagen School of Energy Infrastructure

CY - Copenhagen

ER -