STICERD Work in Progress Seminars
The Changing Nature of Energy Supply and Demand in the US
Thiemo Fetzer (STICERD, LSE)
Friday 02 May 2014 13:00 - 14:00
Due to the onging coronavirus outbreak, many of our seminars and public events this year will continue as online seminars. Please check our website listings and Twitter feed @STICERD_LSE for updates.
About this event
I am going to present mainly correlations suggesting that the link between natural gas and electricity markets has become a lot stronger. This interdependence is driven by a distinct supply shift due to increases in natural gas production through the use of fracking and the adoption of renewable sources for power generation. Both developments taken together generate spatial and temporal variation in the first two moments of the natural gas price distribution that I am to exploit to study firm responses.