Forecasting to understand uncertainty in electricity prices
http://www.erasmusenergy.com/articles/7/1/Forecasting-to-understand-uncertainty-in-electricity-prices/Page1.html
Anne Ku
By Anne Ku
Published on 09/20/2007
Keywords: Forecasting, electricity markets,
Published in: Energy Trading
Publication year: 2002
The art of electricity price forecasting bears little resemblance to the utility practice it evolved from: trying to predict fuel costs. To predict prices, utilities and energy traders and wholesalers must resort to modeling electricity markets—no easy task. Price forecasting has become increasingly necessary and more complex for all market participants, as is evident from the variety of approaches being used today.
Published in: Energy Trading
Publication year: 2002
The art of electricity price forecasting bears little resemblance to the utility practice it evolved from: trying to predict fuel costs. To predict prices, utilities and energy traders and wholesalers must resort to modeling electricity markets—no easy task. Price forecasting has become increasingly necessary and more complex for all market participants, as is evident from the variety of approaches being used today.
Forecasting to understand uncertainty in electricity prices
The art of electricity price forecasting bears little resemblance to the utility practice it evolved from: trying to predict fuel costs. To predict prices, utilities and energy traders and wholesalers must resort to modeling electricity markets—no easy task. Price forecasting has become increasingly necessary and more complex for all market participants, as is evident from the variety of approaches being used today.