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- W1984995057 abstract "In the trade-off between bidding in the day-ahead electricity market and the real time balancing market, producers need good forecasts for balancing market prices to make informed decisions. A range of earlier published models for forecasting of balancing market prices, including a few extensions, is benchmarked. The models are benchmarked both for 1 h-ahead and day-ahead forecast, and both point and interval forecasts are compared. None of the benchmarked models produce informative day-ahead point forecasts, suggesting that information available before the closing of the day-ahead market is efficiently reflected in the day-ahead market price rather than the balancing market price. Evaluation of the interval forecasts reveals that models without balancing state information overestimate variance, making them unsuitable for scenario generation." @default.
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- W1984995057 date "2013-12-07" @default.
- W1984995057 modified "2023-10-18" @default.
- W1984995057 title "Benchmarking time series based forecasting models for electricity balancing market prices" @default.
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- W1984995057 doi "https://doi.org/10.1007/s12667-013-0103-3" @default.
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