Essays on the Fallacy of Electricity Price Indeterminedness: Electricity Market Stylized Facts and Conjectures of Interest Part Ia

Abstract

In this work, which represents the first part of a compendium of papers, author investigates and discusses a set of the most prominent electricity market stylized facts of price formation. Subsequently, the lack of theoretical underlying concerning the stylized set of facts is being dealt with a suggestion of a set of conjectures to be examined in the future parts of the set of essays on the fallacy of electricity price indeterminedness. Each of the conjectures is thoroughly discussed and will be dealt in subsequent parts of the following set of essays by examining mathematical and applicative basis of the conjectures itself which, at the same time, implies their viability and sustainability.

Keywords: Electricity Market, Price Formation, Stylized Facts, Conjecture, Generalized Laplacian Normal, Day-ahead market, Real Time market

JEL Classification: B00, C00, D00, G00