A seasonal regime-switching spot price model for the Philippine electricity market
The aim of this paper is to present a mathematical model that caputres the unique spot price dynamics of the Philippine Wholesale Electricity Spot Market (WESM). We construct a three-state regime-switching model and employ a seasonal clustering algorithm to construct a "seasonal" model tha...
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| Format: | Thesis |
| Language: | English |
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Quezon City
College of Engineering, University of the Philippines Diliman
2015.
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