95/00551 Price, quality and regulation. An analysis of price capping and the reliability of electricity supply
- Publisher
- Elsevier Science
- Year
- 1995
- Weight
- 189 KB
- Volume
- 36
- Category
- Article
- ISSN
- 0140-6701
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## Abstract This article analyzes the relationship between electricity futures prices and naturalโgas futures prices. We find that the daily settlement prices of New York Mercantile Exchange's (NYMEX's) CaliforniaโOregon Border (COB) and Palo Verde (PV) electricity futures contracts are cointegrate
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used, simplified derivations are given for the benefit of those who are not familiar with the calculus.