Wind generation has become the dominant causal driver of Texas day-ahead electricity prices with effects more than three times larger than natural gas prices, while gas influence persists modestly and varies by benchmark and region.
Causal reasoning with ancestral graphs.Journal of Machine Learning Research9, 1437– 1474 (2008)
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Mapping the causal structure of price formation in Texas's transitioning electricity market
Wind generation has become the dominant causal driver of Texas day-ahead electricity prices with effects more than three times larger than natural gas prices, while gas influence persists modestly and varies by benchmark and region.