Optimal Combined Forecasts for Electricity Prices: Influence of Clean Energies

Caro Huertas, Eduardo and García-Martos, Carolina and Sánchez Naranjo, María Jesús (2013). Optimal Combined Forecasts for Electricity Prices: Influence of Clean Energies. In: "59th World Statistics Congress of the International Statistical Institute, 2013", 25-30 Agosto 2013, Hong Kong. ISBN 978-90-73592-34-6.

Description

Title: Optimal Combined Forecasts for Electricity Prices: Influence of Clean Energies
Author/s:
  • Caro Huertas, Eduardo
  • García-Martos, Carolina
  • Sánchez Naranjo, María Jesús
Item Type: Presentation at Congress or Conference (Article)
Event Title: 59th World Statistics Congress of the International Statistical Institute, 2013
Event Dates: 25-30 Agosto 2013
Event Location: Hong Kong
Title of Book: Proceedings of the 59th World Statistics Congress of the International Statistical Institute, 2013
Date: December 2013
ISBN: 978-90-73592-34-6
Subjects:
Freetext Keywords: Optimization, electricity price forecasting, renewable power generation, time series
Faculty: E.T.S.I. Industriales (UPM)
Department: Ingeniería de Organización, Administración de Empresas y Estadística
Creative Commons Licenses: Recognition - No derivative works - Non commercial

Full text

[img] PDF - Personal Archivo Digital UPM only - Requires a PDF viewer, such as GSview, Xpdf or Adobe Acrobat Reader
Download (510kB)

Abstract

In this work, an electricity price forecasting model is developed. The performance of the proposed approach is improved by considering renewable energies (wind power and hydro generation) as explanatory variables. Additionally, the resulting forecasts are obtained as an optimal combination of a set of several univariate and multivariate time series models. The large computational experiment carried out using out-of-sample forecasts for every hour and day allows withdrawing statistically sound conclusions

More information

Item ID: 33277
DC Identifier: http://oa.upm.es/33277/
OAI Identifier: oai:oa.upm.es:33277
Official URL: http://2013.isiproceedings.org/
Deposited by: Memoria Investigacion
Deposited on: 19 Feb 2015 17:06
Last Modified: 19 May 2017 15:36
  • Logo InvestigaM (UPM)
  • Logo GEOUP4
  • Logo Open Access
  • Open Access
  • Logo Sherpa/Romeo
    Check whether the anglo-saxon journal in which you have published an article allows you to also publish it under open access.
  • Logo Dulcinea
    Check whether the spanish journal in which you have published an article allows you to also publish it under open access.
  • Logo de Recolecta
  • Logo del Observatorio I+D+i UPM
  • Logo de OpenCourseWare UPM