TY  - BOOK
AU  - Javier Contreras
AB  - The new competitive electricity markets make it imperative for companies related to electricity production and retail to have tools in place for energy offers. Price forecasting is critical when making offers in electricity markets, since it is considerably more complex than demand forecasting and the level of uncertainty is higher. Knowing electricity prices beforehand makes it possible for generators to determine their optimal production strategy in order to maximize their profit. Similarly, consumers and retailers can plan their consumption and produce energy bids to maximize their utility. Therefore, price forecasting is instrumental both for producers, retailers and consumers.
DO  - 10.3390/books978-3-03842-414-7
ID  - OAPEN ID: 22219
KW  - time series analysis
KW  - Electricity price forecasting
KW  - case studies
KW  - statistical methods
L1  - http://www.mdpi.com/books/pdfview/book/309
LA  - English
LK  - https://directory.doabooks.org/handle/20.500.12854/47849
PB  - MDPI - Multidisciplinary Digital Publishing Institute
PY  - 2017
SN  - 9783038424154
SN  - 9783038424147
TI  - Forecasting Models of Electricity Pricesnull
ER  - 
