Electricity price forecasting

Katarzyna Maciejowska () and Rafał Weron

No HSC/19/01, HSC Research Reports from Hugo Steinhaus Center, Wroclaw University of Science and Technology

Abstract: Electricity price forecasting (EPF) is an actively developing research field, which aims at predicting the spot and forward prices in wholesale electricity markets. Since day-ahead forecasting has gained the most attention, in this article we review the modeling approaches for short-term predictions, with a particular focus on variable selection.

Keywords: Forecasting; Electricity Spot Price; Day-ahead Market; Variable Selection; Regularization; Regression; Quantile Regression (search for similar items in EconPapers)
JEL-codes: C22 C32 C45 C51 C53 C70 L11 Q41 Q47 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2019-02-07
New Economics Papers: this item is included in nep-ene, nep-for and nep-ore
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Citations: View citations in EconPapers (17)

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Related works:
Working Paper: Electricity price forecasting (2018)
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