Raviv, Eran; Bouwman, Kees E.; Dijk, Dick van - Tinbergen Instituut - 2013
serves as a key reference price in the electricity market. It is an aggregate that equals the average of hourly prices for … delivery during each of the 24 individual hours. This paper demonstrates that the disaggregated hourly prices contain useful … predictive information for the daily average price. Multivariate models for the full panel of hourly prices significantly …