Probabilistic Forecasting of Day-ahead Electricity Prices for the Iberian Electricity Market

dc.contributor.author Moreira,R en
dc.contributor.author Ricardo Jorge Bessa en
dc.contributor.author João Gama en
dc.date.accessioned 2018-01-05T19:18:10Z
dc.date.available 2018-01-05T19:18:10Z
dc.date.issued 2016 en
dc.description.abstract With the liberalization of the electricity markets, price forecasting has become crucial for the decision-making process of market agents. The unique features of electricity price, such as non-stationary, non-linearity and high volatility make this a very difficult task. For this reason, rather than a simple point forecast, market participants are more interested in a probabilistic forecast that is essential to estimate the uncertainty involved in the price. By focusing on this issue, the aim of this paper is to analyze the impact of external factors in the electricity price and present a methodology for probabilistic forecasting of day-ahead electricity prices from the Iberian electricity market. The models are built using regression techniques and aim to obtain, for each hour, the quantiles of 5% to 95% by steps of 5%. en
dc.identifier.uri http://repositorio.inesctec.pt/handle/123456789/5592
dc.identifier.uri http://dx.doi.org/10.1109/eem.2016.7521226 en
dc.language eng en
dc.relation 4882 en
dc.relation 5120 en
dc.rights info:eu-repo/semantics/openAccess en
dc.title Probabilistic Forecasting of Day-ahead Electricity Prices for the Iberian Electricity Market en
dc.type conferenceObject en
dc.type Publication en
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