ABSTRACT Forecasting prices in electricity markets is a crucial activity for both risk management and asset optimization. Intra‐day power prices have a fine structure and are driven by an interaction of fundamental, behavioural and stochastic factors. Furthermore, there are reasons to expect...

This paper proposes an approach that models and forecasts sales through a flexible parametric response function (multifunctional), allowing for differentiated behavioural assumptions of the response determinants to be specified, and uses neural network modelling as a re-specification tool for...