After analyzing the characteristics and pricing models on the Russian wholesale electricity market, some important features for econometric modeling are introduced. This paper suggests econometric forecasting models developed to predict daily and hourly electricity prices on the day-ahead market...

Many Southeast European countries are currently undergoing a process of liberalization of electric power markets. The paper analyses day-ahead price dynamics on some of these new markets and in Germany as a benchmark of a completely decentralized Western European market. To that end, several...

Traditional forecasting methods usually rely on historical macroeconomic indicators with significant delays. To address this problem, new opportunities for economic modeling and forecasting are emerging by using real-time data and making nowcasting of economic activity. This research aims to...