An Empirical Investigation of Explosive Price Behavior in US State-Level Electricity Markets Across Consumer Segments

dc.authorid0000-0001-5738-690X
dc.authorid0009-0009-4549-1679
dc.authorid0000-0002-0964-7893
dc.contributor.authorMert Saritas, Merve
dc.contributor.authorKonat, Gokhan
dc.contributor.authorDalyanci, Levent
dc.contributor.authorYilanci, Veli
dc.date.accessioned2026-02-03T12:00:00Z
dc.date.available2026-02-03T12:00:00Z
dc.date.issued2025
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractThis study investigates speculative bubbles in U.S. state-level electricity markets across commercial, industrial, and residential segments. Using monthly data (2005-2025) from the U.S. Energy Information Administration and employing the Generalized Supremum Augmented Dickey-Fuller test, evidence of localized explosive price behavior was observed predominantly in Florida, Hawaii, Pennsylvania, and Oregon, among others. These bubbles, often tied to market disruptions such as fuel price volatility and post-pandemic recovery, were mainly short-lived and region-specific. The findings highlight the need for tailored, state-specific regulatory strategies to address unique market dynamics, ensuring stability amidst the ongoing energy transition.
dc.identifier.doi10.3390/en18215689
dc.identifier.issn1996-1073
dc.identifier.issue21
dc.identifier.scopus2-s2.0-105021458485
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.3390/en18215689
dc.identifier.urihttps://hdl.handle.net/20.500.12428/34473
dc.identifier.volume18
dc.identifier.wosWOS:001612543300001
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherMdpi
dc.relation.ispartofEnergies
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20260130
dc.subjectprice bubbles
dc.subjectelectricity markets
dc.subjectUS state-level analysis
dc.titleAn Empirical Investigation of Explosive Price Behavior in US State-Level Electricity Markets Across Consumer Segments
dc.typeArticle

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