Price interactions and discovery among natural gas spot markets in North America Academic Article

abstract

• Recent advances in modeling causal flows with time series analysis are used to study relationships among eight North American natural gas spot market prices. Results indicate that the Canadian and US natural gas market is a single highly integrated market. Further results indicate that price discovery tends to reflect both regions of excess demand and supply. Across North America, Malin Hub in Oregon, Chicago Hub, Illinois, Waha, Texas, and Henry Hub, Louisiana region, are the most important markets for price discovery. Opal Hub in Wyoming is an information sink in contemporaneous time, receiving price information but passing on no price information. AECO Hub in Alberta, Canada, receives price signals from several markets and passes on information to Opal and the Oklahoma region. 2007 Elsevier Ltd. All rights reserved.

authors

• Bessler, David
• Mjelde, James

published proceedings

• ENERGY POLICY

altmetric score

• 3

author list (cited authors)

• Park, H., Mjelde, J. W., & Bessler, D. A.

citation count

• 34

complete list of authors

• Park, Haesun||Mjelde, James W||Bessler, David A

publication date

• January 2008

publisher

• Elsevier  Publisher

published in

• Energy Policy  Journal

keywords

• Directed Acyclic Graphs
• Natural Gas Pricing
• Vector Error Correction

Digital Object Identifier (DOI)

• 10.1016/j.enpol.2007.09.012

start page

• 290

end page

• 302

volume

• 36

issue

• 1

URL

• http://dx.doi.org/10.1016/j.enpol.2007.09.012