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Forecasting Models of Electricity Prices

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Release : 2018-04-06
Genre : Technology & Engineering
Kind : eBook
Book Rating : 153/5 ( reviews)

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Book Synopsis Forecasting Models of Electricity Prices by : Javier Contreras

Download or read book Forecasting Models of Electricity Prices written by Javier Contreras. This book was released on 2018-04-06. Available in PDF, EPUB and Kindle. Book excerpt: This book is a printed edition of the Special Issue "Forecasting Models of Electricity Prices" that was published in Energies

Modeling and Forecasting Electricity Loads and Prices

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Release : 2007-01-30
Genre : Business & Economics
Kind : eBook
Book Rating : 990/5 ( reviews)

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Book Synopsis Modeling and Forecasting Electricity Loads and Prices by : Rafal Weron

Download or read book Modeling and Forecasting Electricity Loads and Prices written by Rafal Weron. This book was released on 2007-01-30. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an in-depth and up-to-date review of different statistical tools that can be used to analyze and forecast the dynamics of two crucial for every energy company processes—electricity prices and loads. It provides coverage of seasonal decomposition, mean reversion, heavy-tailed distributions, exponential smoothing, spike preprocessing, autoregressive time series including models with exogenous variables and heteroskedastic (GARCH) components, regime-switching models, interval forecasts, jump-diffusion models, derivatives pricing and the market price of risk. Modeling and Forecasting Electricity Loads and Prices is packaged with a CD containing both the data and detailed examples of implementation of different techniques in Matlab, with additional examples in SAS. A reader can retrace all the intermediate steps of a practical implementation of a model and test his understanding of the method and correctness of the computer code using the same input data. The book will be of particular interest to the quants employed by the utilities, independent power generators and marketers, energy trading desks of the hedge funds and financial institutions, and the executives attending courses designed to help them to brush up on their technical skills. The text will be also of use to graduate students in electrical engineering, econometrics and finance wanting to get a grip on advanced statistical tools applied in this hot area. In fact, there are sixteen Case Studies in the book making it a self-contained tutorial to electricity load and price modeling and forecasting.

Forecasting Models of Electricity Prices

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Author :
Release : 2017
Genre : Electronic book
Kind : eBook
Book Rating : 147/5 ( reviews)

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Book Synopsis Forecasting Models of Electricity Prices by : Javier Contreras

Download or read book Forecasting Models of Electricity Prices written by Javier Contreras. This book was released on 2017. Available in PDF, EPUB and Kindle. Book excerpt:

Advances in Electric Power and Energy Systems

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Release : 2017-07-12
Genre : Technology & Engineering
Kind : eBook
Book Rating : 349/5 ( reviews)

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Book Synopsis Advances in Electric Power and Energy Systems by : Mohamed E. El-Hawary

Download or read book Advances in Electric Power and Energy Systems written by Mohamed E. El-Hawary. This book was released on 2017-07-12. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive review of state-of-the-art approaches to power systems forecasting from the most respected names in the field, internationally Advances in Electric Power and Energy Systems is the first book devoted exclusively to a subject of increasing urgency to power systems planning and operations. Written for practicing engineers, researchers, and post-grads concerned with power systems planning and forecasting, this book brings together contributions from many of the world’s foremost names in the field who address a range of critical issues, from forecasting power system load to power system pricing to post-storm service restoration times, river flow forecasting, and more. In a time of ever-increasing energy demands, mounting concerns over the environmental impacts of power generation, and the emergence of new, smart-grid technologies, electricity price forecasting has assumed a prominent role within both the academic and industrial arenas. Short-run forecasting of electricity prices has become necessary for power generation unit schedule, since it is the basis of every maximization strategy. This book fills a gap in the literature on this increasingly important topic. Following an introductory chapter offering background information necessary for a full understanding of the forecasting issues covered, this book: Introduces advanced methods of time series forecasting, as well as neural networks Provides in-depth coverage of state-of-the-art power system load forecasting and electricity price forecasting Addresses river flow forecasting based on autonomous neural network models Deals with price forecasting in a competitive market Includes estimation of post-storm restoration times for electric power distribution systems Features contributions from world-renowned experts sharing their insights and expertise in a series of self-contained chapters Advances in Electric Power and Energy Systems is a valuable resource for practicing engineers, regulators, planners, and consultants working in or concerned with the electric power industry. It is also a must read for senior undergraduates, graduate students, and researchers involved in power system planning and operation.

Modelling Prices in Competitive Electricity Markets

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Release : 2004-04-02
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Modelling Prices in Competitive Electricity Markets by : Derek W. Bunn

Download or read book Modelling Prices in Competitive Electricity Markets written by Derek W. Bunn. This book was released on 2004-04-02. Available in PDF, EPUB and Kindle. Book excerpt: Electricity markets are structurally different to other commodities, and the real-time dynamic balancing of the electricity network involves many external factors. Because of this, it is not a simple matter to transfer conventional models of financial time series analysis to wholesale electricity prices. The rationale for this compilation of chapters from international authors is, therefore, to provide econometric analysis of wholesale power markets around the world, to give greater understanding of their particular characteristics, and to assess the applicability of various methods of price modelling. Researchers and professionals in this sector will find the book an invaluable guide to the most important state-of-the-art modelling techniques which are converging to define the special approaches necessary for unravelling and forecasting the behaviour of electricity prices. It is a high-quality synthesis of the work of financial engineering, industrial economics and power systems analysis, as they relate to the behaviour of competitive electricity markets.

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