BUSINESS INFORM №1-2016

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Section: Foreign Experience
UDC 690.9:303.024.13:339.172 (4-11)
Polikevych N. I.
Spot Markets Indices as Benchmarks of Formation of Future Price Trends in the Power Exchanges of Eastern Europe (p. 43 - 48)
The article is concerned with a theoretical generalization of the use of indices for electric power at the European spot exchanges and elaborating proposals on establishment of a similar spot index for the Ukrainian power exchange. 16 indices that are published daily by the power exchanges BSP Regional Energy Exchange, Power Exchange Central Europe, Polish Power Exchange and Opcom have been analyzed. It has been indicated that these indices are used for electricity price forecasting and monitoring the situation in the power market. The article examines the way spot indices are calculated by power exchanges, based on the value of the arithmetic average of market prices «day ahead». Imperfection of such way of calculation for price index values has been substantiated. The key characteristics of the future price index for Ukrainian spot market as benchmarks within the introduction of futures contracts for electricity have been identified.
Keywords: power exchange, market index, spot prices, derivatives
Fig.: 3. Tabl.: 1. Bibl.: 10.

Polikevych Nataliya I. – Lecturer, The Department of International Management and Marketing, Ternopil National Economic University (11 Lvіvska Str., Ternopil, 46020, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Polikevych, Nataliya I. (2016) “Spot Markets Indices as Benchmarks of Formation of Future Price Trends in the Power Exchanges of Eastern Europe.” Business Inform 1:43–48.

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