Forecasting Spot Electricity Prices With Time Series Models
In this paper we study simple time series models and assess their forecasting performance. In particular we calibrate ARMA and ARMAX (where the exogenous variable is the system load) processes. Models are tested on a time series of California power market system prices and loads from the period proceeding and including the market crash.
|Date of creation:||06 Apr 2005|
|Date of revision:|
|Note:||Type of Document - pdf; pages: 8. To appear in ”The European Electricity Market EEM-05”, Proceedings Volume|
|Contact details of provider:|| Web page: http://18.104.22.168|
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