Electricity price forecasting has become an area of increasing relevance in recent years. Despite the growing interest in predictive algorithms, the challenges are difficult to overcome given the restricted access to relevant data series and the lack of accurate metrics. Multiple models have...

This paper provides two specification tests for the system of spatial autoregressive model of order m . We derive the theoretical limit distributions and show in a detailed Monte Carlo simulation study that the tests result in reasonable sized testing procedures with large power. In the...

This paper provides two specification tests for the system of spatial autoregressive model of order m . We derive the theoretical limit distributions and show in a detailed Monte Carlo simulation study that the tests result in reasonable sized testing procedures with large power. In the...

The adoption of wind energy has grown significantly in recent years. New, cost-effective technologies have been developed, led by customer awareness of green technologies and a legal framework proposed at the European Union level. The stochastic nature of wind speed is transferred to wind...

Sustainability is a trend reflected nowadays both at global level and at European Union level. This applies as well to the energy policy sector, which is being modernized considering the sustainable use of resources. This trend finds its concrete expression in the package "Clean Energy for All...

Die Europäische Kommission hat in ihrem Grünbuch Ein Rahmen für die Klima- und Energiepolitik bis 2030 dazu aufgefordert, Einschätzungen für umwelt- und energiepolitische Entwicklungen jenseits des Jahres 2020 zu entwickeln. Allerdings beruht das Grünbuch ebenso wie die Energy Roadmap 2050...

Erdgas gewinnt weltweit immer größere Bedeutung bei der Umstrukturierung und Dekarbonisierung von Energiesystemen. Es ist flächendeckend verfügbar und flexibel einsetzbar in Verstromung, Industrie, Verkehr und im Haushaltsbereich. Im Vergleich zu anderen fossilen Energieträgern wird bei...

Prognosen von Metallpreisen: Asymmetrische Verlustfunktionen und Rationalität Metalle sind ein wichtiger industrieller Roh- und Werkstoff. Aufgrund der sehr starken Schwankungen der Metallpreise stehen Prognosen der zukünftigen Preisentwicklung häufig im Fokus medialer Berichterstattung. In...

In the conditions of modern business environment of energy companies, studies of their impact on environmental protection are becoming increasingly important. The growing concern at the macro level of the resulting climate change due to energy production is justified. The ecological component in...

The significance of natural gas is on the rise due to the restructuring and decarbonization of energy systems worldwide. Natural gas is widely available and flexible as it can be used in electricity generation, manufacturing, transport, and private households. Compared to other fossil fuels,...