vector autoregressive (VAR) models to study the interrelationships between the price spreads and the effects of wind forecast … and demand forecast errors, and other exogenous variables, such as transmission congestions, and hydrological conditions … areas to analyse the impacts of increased shares of wind power on different market places. We find that wind forecast errors …

resolution, we benchmark the new forecasting approach against a simpler linear regression model as well as a naive forecast …