Klein, Martin (2018) Mid- to long-term modeling of electricity market prices. 25. Workshop des Student Chapters, 04. Mai 2018, Köln.
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Abstract
Mid- to long-term forecasting of electricity market prices remains a challenging task. Fundamental models can readily account for the drivers of mean electricity price level movements, but often fail to capture essential short-term price curve characteristics like high volatility and negative prices. We here report a hybrid fundamental-econometric model capable of reproducing both the short-term stylized facts and the long-term overall levels of spot market prices obtained at the EEX with a high degree of accuracy, including low mean average error and reproduction of negative prices.
Item URL in elib: | https://elib.dlr.de/121291/ | ||||||
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Document Type: | Conference or Workshop Item (Speech) | ||||||
Title: | Mid- to long-term modeling of electricity market prices | ||||||
Authors: |
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Date: | 4 May 2018 | ||||||
Refereed publication: | No | ||||||
Open Access: | Yes | ||||||
Gold Open Access: | No | ||||||
In SCOPUS: | No | ||||||
In ISI Web of Science: | No | ||||||
Status: | Published | ||||||
Keywords: | Genetic Algorithm, Electricity Price Modeling, Market Modeling | ||||||
Event Title: | 25. Workshop des Student Chapters | ||||||
Event Location: | Köln | ||||||
Event Type: | Workshop | ||||||
Event Dates: | 04. Mai 2018 | ||||||
Organizer: | Gesellschaft für Energiewissenschaft und Energiepolitik e.V. | ||||||
HGF - Research field: | Energy | ||||||
HGF - Program: | Technology, Innovation and Society | ||||||
HGF - Program Themes: | Renewable Energy and Material Resources for Sustainable Futures - Integrating at Different Scales | ||||||
DLR - Research area: | Energy | ||||||
DLR - Program: | E SY - Energy Systems Analysis | ||||||
DLR - Research theme (Project): | E - Systems Analysis and Technology Assessment (old) | ||||||
Location: | Stuttgart | ||||||
Institutes and Institutions: | Institute of Engineering Thermodynamics > Systems Analysis and Technology Assessment | ||||||
Deposited By: | Klein, Martin | ||||||
Deposited On: | 07 Sep 2018 13:58 | ||||||
Last Modified: | 31 Jul 2019 20:19 |
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