Empirical electricity price modelling

Modelling the day-ahead electricity spot market price is important for the valuation of financial transactions in competitive electricity markets. Many time series models have been proposed. In the power market, the spot price of electricity can be affected by certain predictable economic factors such as system-wide capacity level, load level, or generation outages. As a consequence, simple curve-fitting models which do not take into consideration the important economic factors sometimes do not

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: