The effects of Spain’s transition to renewable energy on the volatility of electricity prices
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- dc.contributor.author Córdoba Balcells, Valentina
- dc.contributor.author Felís Colomer, Ona
- dc.contributor.author Manyanic Solanelles, Georgina
- dc.date.accessioned 2021-11-09T10:53:06Z
- dc.date.available 2021-11-09T10:53:06Z
- dc.date.issued 2021
- dc.description Treball de Fi de Grau en Economia. Curs 2020-2021ca
- dc.description Tutor: Juanjo Ganuzaca
- dc.description.abstract The recent entry of renewable energies in the Spanish electricity market has been controversial, since it has caused some market variations, such as changes in price volatility. Some specialists agree that cleaner energies sources increase price volatility, whereas others disagree. The aim of this project is to understand how the transition towards renewable energies has affected the market and the electricity prices in the last years in Spain, and how can it affect the future of this sector. Through an econometrical model we have observed that price volatility is in fact, directly affected by this energetic transition. Moreover, the data reveals that wind energy generation has a positive regressive relationship with electric price volatility whereas solar energy works in the opposite way, having a negative regressive relation with price volatility.ca
- dc.format.mimetype application/pdf*
- dc.identifier.uri http://hdl.handle.net/10230/48933
- dc.language.iso engca
- dc.rights © Tots els drets reservatsca
- dc.rights.accessRights info:eu-repo/semantics/openAccessca
- dc.subject.keyword Renewable energiesen
- dc.subject.keyword Volatilityen
- dc.subject.keyword GARCH modelen
- dc.subject.keyword Electric marketen
- dc.subject.keyword Pool pricesen
- dc.subject.other Treball de fi de grau – Curs 2020-2021ca
- dc.title The effects of Spain’s transition to renewable energy on the volatility of electricity pricesca
- dc.type info:eu-repo/semantics/bachelorThesisca