Matches in SemOpenAlex for { <https://semopenalex.org/work/W179947110> ?p ?o ?g. }
Showing items 1 to 61 of
61
with 100 items per page.
- W179947110 abstract "We develop a bottom-up, midterm model for the Nord Pool system price. Models for consumption, generation and exchange are combined using a market equilibrium approach. Scenarios for the most influential stochastic factors are created using statistical models. Forecasted price scenarios yield an indication on the expected future system price, and the uncertainty in future prices. Compared to stochastic dynamic programming based models, we use an empirical function to approximate the water value. Consequently, our model represents a less computationally intensive method for price forecasting than e.g. the EMPS model. In addition to providing a picture of the price distribution, the model can be applied to learn about the impact of different variables. In particular, we study the relative influence of the stochastic factors and price risk caused by inflow volatility. The performance of the model is evaluated in numerical examples over a two-year forecast period. Overall, we conclude the model provides realistic forecasts of the system price and its distribution. The performance under normal market conditions may deviate from our results, due to the extraordinary drop in fuel prices caused by the financial crisis." @default.
- W179947110 created "2016-06-24" @default.
- W179947110 creator A5005247190 @default.
- W179947110 creator A5021012708 @default.
- W179947110 date "2011-01-01" @default.
- W179947110 modified "2023-09-24" @default.
- W179947110 title "Bottom-Up Modeling of the Nord Pool System Price" @default.
- W179947110 hasPublicationYear "2011" @default.
- W179947110 type Work @default.
- W179947110 sameAs 179947110 @default.
- W179947110 citedByCount "0" @default.
- W179947110 crossrefType "journal-article" @default.
- W179947110 hasAuthorship W179947110A5005247190 @default.
- W179947110 hasAuthorship W179947110A5021012708 @default.
- W179947110 hasConcept C121332964 @default.
- W179947110 hasConcept C139719470 @default.
- W179947110 hasConcept C149782125 @default.
- W179947110 hasConcept C153294291 @default.
- W179947110 hasConcept C162324750 @default.
- W179947110 hasConcept C2776132308 @default.
- W179947110 hasConcept C2776988154 @default.
- W179947110 hasConcept C34881761 @default.
- W179947110 hasConcept C85393063 @default.
- W179947110 hasConcept C91602232 @default.
- W179947110 hasConceptScore W179947110C121332964 @default.
- W179947110 hasConceptScore W179947110C139719470 @default.
- W179947110 hasConceptScore W179947110C149782125 @default.
- W179947110 hasConceptScore W179947110C153294291 @default.
- W179947110 hasConceptScore W179947110C162324750 @default.
- W179947110 hasConceptScore W179947110C2776132308 @default.
- W179947110 hasConceptScore W179947110C2776988154 @default.
- W179947110 hasConceptScore W179947110C34881761 @default.
- W179947110 hasConceptScore W179947110C85393063 @default.
- W179947110 hasConceptScore W179947110C91602232 @default.
- W179947110 hasLocation W1799471101 @default.
- W179947110 hasOpenAccess W179947110 @default.
- W179947110 hasPrimaryLocation W1799471101 @default.
- W179947110 hasRelatedWork W11902808 @default.
- W179947110 hasRelatedWork W192038972 @default.
- W179947110 hasRelatedWork W1996159958 @default.
- W179947110 hasRelatedWork W2009366871 @default.
- W179947110 hasRelatedWork W2013845994 @default.
- W179947110 hasRelatedWork W2046861735 @default.
- W179947110 hasRelatedWork W2083042206 @default.
- W179947110 hasRelatedWork W2089750215 @default.
- W179947110 hasRelatedWork W2131831868 @default.
- W179947110 hasRelatedWork W2368500053 @default.
- W179947110 hasRelatedWork W2594081037 @default.
- W179947110 hasRelatedWork W2751832708 @default.
- W179947110 hasRelatedWork W2949268106 @default.
- W179947110 hasRelatedWork W2968642900 @default.
- W179947110 hasRelatedWork W3084929649 @default.
- W179947110 hasRelatedWork W3122344694 @default.
- W179947110 hasRelatedWork W3122703578 @default.
- W179947110 hasRelatedWork W3142893396 @default.
- W179947110 hasRelatedWork W3163923920 @default.
- W179947110 hasRelatedWork W32172252 @default.
- W179947110 isParatext "false" @default.
- W179947110 isRetracted "false" @default.
- W179947110 magId "179947110" @default.
- W179947110 workType "article" @default.