wholesale power markets have only recently been deregulated. We introduce the weather factor into well-known forecasting models …

forecasting daily electricity prices in two of the main European markets, Germany and Italy. We do that by means of mixed …-frequency models, introducing a Bayesian approach to reverse unrestricted MIDAS models (RU-MIDAS). We study the forecasting accuracy …

of point and density forecasting. The relative accuracy is higher when the full distribution is predicted. We also …