Abstract
This book contains the successful invited submissions [1,2,3,4,5,6,7,8,9,10,11] to a Special Issue of Energies on the subject area of “Forecasting Models of Electricity Prices”.
Highlights
The electric power industry has been in a transition from a centralized towards a deregulated production scheme since the early 1980s
In the new unbundled scheme, price forecasting has become an important tool for electric companies and customers to decide on their production offers and demand bids and for regulators to characterize the degree of competition of the market
Electricity prices have unique features that are not observed in other markets, such as weekly and daily seasonalities, on-peak vs. off-peak hours, price spikes, etc
Summary
The electric power industry has been in a transition from a centralized towards a deregulated production scheme since the early 1980s. Previous centralized schemes were based on electricity tariffs that were paid by the customers as a function of the aggregate cost of production.
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