Price Forecasting in the Day-Ahead Energy Market by an Iterative Method with Separate Normal Price and Price Spike Frameworks

A forecasting methodology for prediction of both normal prices and price spikes in the day-ahead energy market is proposed. The method is based on an iterative strategy implemented as a combination of two modules separately applied for normal price and price spike predictions. The normal price modul...

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Bibliographic Details
Main Authors: Jarmo Partanen, Sergey Voronin
Format: Article
Language:English
Published: MDPI AG 2013-11-01
Series:Energies
Subjects:
Online Access:http://www.mdpi.com/1996-1073/6/11/5897