Price forecast¶

Price forecast is harder than demand forecast as price is not directly lined to weather conditions. Price is more volatile - can have many spikes. Capacity availability and generator and interconnector outages will have a significant role on price spikes.

weather and price forecast¶

https://montel.energy/blog/predicting-energy-prices-the-role-of-weather-forecasts

reserve margin for spike forecasting¶

https://en.wikipedia.org/wiki/Electricity_price_forecasting

price forecast papers¶

• stochastic-differential: https://www.sciencedirect.com/topics/engineering/stochastic-differential

• Neural basis expansion analysis with exogenous variables: Forecasting electricity prices with NBEATSx

• Short-term electricity load and price forecasting by a new optimal LSTM-NN based prediction algorithm