Forecasting day ahead electricity spot prices: The impact of the EXAA to other European electricity markets

Florian Ziel, Rick Steinert and Sven Husmann

Papers from arXiv.org

Abstract: In our paper we analyze the relationship between the day-ahead electricity price of the Energy Exchange Austria (EXAA) and other day-ahead electricity prices in Europe. We focus on markets, which settle their prices after the EXAA, which enables traders to include the EXAA price into their calculations. For each market we employ econometric models to incorporate the EXAA price and compare them with their counterparts without the price of the Austrian exchange. By employing a forecasting study, we find that electricity price models can be improved when EXAA prices are considered.

Date: 2015-01, Revised 2015-12
New Economics Papers: this item is included in nep-ene, nep-for and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35)

Published in Energy Economics, 51 (2015) 430-444

Downloads: (external link)
http://arxiv.org/pdf/1501.00818 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1501.00818

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().