Prediction of Electricity Prices, Comparison of Germany and the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F19%3A00111250" target="_blank" >RIV/00216224:14560/19:00111250 - isvavai.cz</a>
Result on the web
<a href="https://is.muni.cz/do/econ/sborniky/2019/Proceedings_final.pdf" target="_blank" >https://is.muni.cz/do/econ/sborniky/2019/Proceedings_final.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Prediction of Electricity Prices, Comparison of Germany and the Czech Republic
Original language description
This paper analyzes time series that might have an impact on prices of energy commodities. Analysis and econometric modelling reveal which time series are corelated and how and the difference of Czech and German commodity exchange markets. This is input for further modelling of forecasting tool for electricity future prices prediction in near future. Selected time series are electricity and gas prices, contracted quantity per day, oil prices, coal prices, prices of emission allowances, weather (temperature and sunlight defining the consumption of energies), prices of electricity on day ahead market, currency exchange rate (EUR/CZK and EUR/USD) and correlation of particular week day. For the predicted value was chosen price of electricity on EEX for Germany and Czech Republic. The product is future “Cal+1” (product delivery is in next year) and time series were selected for period 1/2015-12/2018.
Czech name
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Czech description
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Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 16th International Scientific Conference European Financial Systems 2019, od s. 510-515, 664 s. 2019.
ISBN
9788021093386
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
510-515
Publisher name
Masaryk University
Place of publication
Brno
Event location
Brno
Event date
Jul 24, 2019
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000503222600060

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