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The Impact of Nuclear Power Generation on Wholesale Electricity Market Price
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 Title & Authors
The Impact of Nuclear Power Generation on Wholesale Electricity Market Price
Jung, Sukwan; Lim, Nara; Won, DooHwan;
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Nuclear power generation is a major power source which accounts for more than 30% of domestic electricity generation. Electricity market needs to secure stability of base load. This study aimed at analyzing relationships between nuclear power generation and wholesale electricity price (SMP: System Marginal Price) in Korea. For this we conducted ARDL(Autoregressive Distributed Lag) approach and Granger causality test. We found that in terms of total effects nuclear power supply had a positive relationship with SMP while nuclear capacity had a negative relationship with SMP. There is a unidirectional Granger causality from nuclear power supply to SMP while the reverse was not. Nuclear power is closely related to SMP and provides useful information for decision making.
Nuclear Power Generation;Electricity Price;ARDL;
 Cited by
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