A very important task in electricity market operation is to forecast day ahead market price in order to implement adequate bidding strategies. In this direction, this paper proposes a technique to forecast day-ahead electricity prices based on the mean reverting process, using a properly fitted model. Results from the electricity market of Italy during year 2009 are finally reported.
Short-term forecasting of day-ahead electricity market price
Violi A.
2010-01-01
Abstract
A very important task in electricity market operation is to forecast day ahead market price in order to implement adequate bidding strategies. In this direction, this paper proposes a technique to forecast day-ahead electricity prices based on the mean reverting process, using a properly fitted model. Results from the electricity market of Italy during year 2009 are finally reported.File in questo prodotto:
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