Template-Type: ReDIF-Article 1.0 
Author-Name: OlaOluwa Yaya
Author-Email:  o.s.olaoluwa@gmail.com
Author-Workplace-Name:  Economic and Financial Statistics Unit, Dept of Statistics, University of Ibadan, Nigeria
Title: Testing Day-Of-The-Week Persistence and Seasonality in Spanish Electricity Energy Prices
Abstract:  Day-of-the-week persistence and seasonality of electricity prices in Spain, spanning 01/01/2006 to 04/11/2021, are investigated by employing updated fractional persistence frameworks in non-linear settings. The results show marginal higher persistence in electricity prices during the working days (Tuesday, Wednesday, Thursday, and Friday) compared to weekend days. In all cases, electricity prices are mean-reverting with long-range dependence properties. Results also show that the monthly electricity price series contain no seasonal effect.
Classification-JEL:  C22 ,Q47
Keywords:  Electricity prices, Fractional persistence, Unit root, Day-of-the-week effect, seasonality, Spain
Journal:  Energy RESEARCH LETTERS
Pages: 1-7
Volume: 5
Issue: 1
Year:  2024
DOI:  2024/07/10
File-URL:  https://erl.scholasticahq.com/api/v1/articles/36619-testing-day-of-the-week-persistence-and-seasonality-in-spanish-electricity-energy-prices.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnerl:99