ELECTRICITY PRICE FORECASTING AND SIMULATION

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F08%3A00018583" target="_blank" >RIV/61989100:27510/08:00018583 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

ELECTRICITY PRICE FORECASTING AND SIMULATION

Original language description

The business structure of the electricity generating sector is relatively easy to predict, if the environment is regulated. After the successful deregulation of some sectors, there has been movement toward deregulation and liberalization in many Europeancountries. This process has important impact on the most market participants, from the electricity generators, distributing utilities to the final consumers. As a consequence of power sector liberalization, price modeling and forecasting has emerged asan important input to a wide range of decision problems in the electricity sector. Electricity prices have become extremely volatile compared to prices in other commodity markets and choices of appropriate model for modeling and forecasting have a largeeffect on the solution to many decision problems. To find the most suitable model including deriving its parameters, the choice of appropriate set of input data that includes relevant information about behavior of electricity prices is im

Czech name

Predikce a simulace cen elektřiny

Czech description

Cílem příspěvku je je analýza a možnosti aplikace vybraných modelů pro predikci denních cen elektřiny na evropském trhu. Pro predikci denních cen jsou aplikovány difuzní a ekonometrické modely. Studie vychází z denních průměrných cen elektřiny v letech 2006-2007, predikce je provedena pro leden roku 2008. Výsledky predikce použitých modelů jsou porovnány a diskutovány.

Type

D - Article in proceedings

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/GP402%2F07%2FP121" target="_blank" >GP402/07/P121: Real options and conditions and possibilities of their application in the energy sector</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2008

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Mathematical Methods in Economics

ISBN

978-80-7372-387-3

ISSN

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e-ISSN

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Number of pages

1

Pages from-to

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Publisher name

Technická univerzita Liberec

Place of publication

Liberec

Event location

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Event date

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Type of event by nationality

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UT code for WoS article

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