Abstract

This paper uses hourly electricity prices and MW hour demand for Alberta, Canada over the deregulated period after 1996 to test for randomly modulated periodicity. In doing so, we apply the signal coherence spectral analysis to the time series of hourly spot prices and megawatt-hours (MWh) demand from 1/1/1996 to 12/7/2003 using the FORTRAN 95 program developed by Hinich (2000). We detect relatively steady weekly and daily cycles in demand but very unstable cycles in prices.

Recommended Citation

Melvin J. Hinich and Apostolos Serletis (2006) "Randomly Modulated Periodic Signals in Alberta's Electricity Market", Studies in Nonlinear Dynamics & Econometrics: Vol. 10: No. 3, Article 5.
http://www.bepress.com/snde/vol10/iss3/art5

Related Files

hinich_datacode.zip (519 kB)
Data and code