Showing 1 - 7 of 7
In this paper we investigate the use of forecast averaging for electricity spot prices. While there is an increasing body of literature on the use of forecast combinations, there is only a small number of applications of these techniques in the area of electricity markets. In this comprehensive...
Persistent link: https://www.econbiz.de/10010888014
A variety of methods and ideas have been tried for electricity price forecasting (EPF) over the last 15 years, with varying degrees of success. This review article aims at explaining the complexity of available solutions, their strengths and weaknesses, and the opportunities and treats that the...
Persistent link: https://www.econbiz.de/10010933624
A variety of methods and ideas have been tried for electricity price forecasting (EPF), with varying degrees of success. This review article aims at explaining the complexity of available solutions, their strengths and weaknesses, and the opportunities and treats that the forecasting tools offer...
Persistent link: https://www.econbiz.de/10010933625
In this paper we assess the short-term forecasting power of different time series models in the electricity spot market. However, instead of evaluating point predictions we concentrate on interval forecasts. The latter are specifically important for risk management purposes where one is more...
Persistent link: https://www.econbiz.de/10010626153
This empirical paper is a continuation of our earlier work on time series forecasting of day-ahead electricity prices. Given the controversy in the literature whether to use one large model across all hours or 24 separate models, we study if the model structure (and not only the coefficients)...
Persistent link: https://www.econbiz.de/10009003615
We investigate the forecasting power of different time series models for electricity spot prices. The models include different specifications of linear autoregressive time series with heteroscedastic noise and/or additional fundamental variables and non-linear regime-switching TAR-type models....
Persistent link: https://www.econbiz.de/10009003617
When turning on the switch, people expect the light would be on. However, the business to keep the lights on is not that straightforward. This paper offers a practical overview of energy forecasting, an important task that electric utilities have been doing every day for over a century.
Persistent link: https://www.econbiz.de/10011165885