Improving electricity market price scenarios by means of forecasting factor models
Tue, 09/01/2009 - 14:19 — admin
| Publication Type | Report |
| Year of Publication | 2009 |
| Authors | M.-Pilar Muñoz; Cristina Corchero; F.-Javier Heredia |
| Pages | 12 |
| Date | 09/2009 |
| Reference | Research Report DR 2009/06, Dept. of Statistics and Operations Research, E-Prints UPC http://hdl.handle.net/2117/3047. Universitat Politècnica de Catalunya. |
| Prepared for | Plenary session on the 57th Session of the International Statistical Institute, Durban, South Africa. Accepted for publication at International Statistical Review. |
| City | Barcelona. |
| Key Words | research; spot price forecasting; scenario generation; MIBEL |
| Abstract | In liberalized electricity markets, Generation Companies must build an hourly bid that is sent to the market operator. The price at which the energy will be paid is unknown during the bidding process and has to be forecast. In this work we apply forecasting factor models to this framework and study its suitability. |
| URL | Click Here |
| Export | Tagged XML BibTex |
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