David Benatia (ENSAE) Electricity markets under lockdown: insights from New York
Abstract:The large reductions in electricity demand caused by containment measures have been disruptive to electricity markets around the globe. This article draws insights from New York into the consequences of the lockdown on hourly demand, forecast errors, day-ahead (DA) and real-time (RT) markets. The New York State is found to experience a 7.5% electricity demand reduction while NYC is the most affected area with a 12% reduction. At the same time, load forecast errors have surged to unprecedented Read more [...]
