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Optimal Combined Forecasts for Electricity Prices: Influence of Clean Energies
Citation
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 |
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| Author/s: |
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| 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 |
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 |
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| DC Identifier: | https://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 |
