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- W2026903979 abstract "The paper examines the long-run relation and short-run dynamics between electricity prices and three fossil fuel prices – coal, natural gas and crude oil – using annual data for the U.S. for 1960–2007. The results suggest (1) a stable long-run relation between real prices for electricity and coal (2) Bi-directional long-run causality between coal and electricity prices. (3) Insignificant long-run relations between electricity and crude oil and/or natural gas prices. And (4) no evidence of asymmetries in the adjustment of electricity prices to deviations from equilibrium. A number of implications are addressed." @default.
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- W2026903979 date "2009-05-01" @default.
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- W2026903979 title "Electricity prices and fuel costs: Long-run relations and short-run dynamics" @default.
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- W2026903979 doi "https://doi.org/10.1016/j.eneco.2009.02.001" @default.
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