Forecasting electricity prices from the state-of-the-art modeling technology and the price determinant perspectives

S Chai, Q Li, MZ Abedin, BM Lucey - Research in International Business …, 2024 - Elsevier
Accurate electricity price forecasting (EPF) is crucial to participants and decision-makers
within the electricity market. This paper reviews 62 screened literature works on EPF during …

[HTML][HTML] Predictive modelling for solar thermal energy systems: A comparison of support vector regression, random forest, extra trees and regression trees

MW Ahmad, J Reynolds, Y Rezgui - Journal of cleaner production, 2018 - Elsevier
Predictive analytics play an important role in the management of decentralised energy
systems. Prediction models of uncontrolled variables (eg, renewable energy sources …

[HTML][HTML] Electricity price forecasting using recurrent neural networks

U Ugurlu, I Oksuz, O Tas - Energies, 2018 - mdpi.com
Accurate electricity price forecasting has become a substantial requirement since the
liberalization of the electricity markets. Due to the challenging nature of electricity prices …

An electricity price forecasting model by hybrid structured deep neural networks

PH Kuo, CJ Huang - Sustainability, 2018 - mdpi.com
Electricity price is a key influencer in the electricity market. Electricity market trades by each
participant are based on electricity price. The electricity price adjusted with the change in …

Forecasting day-ahead electricity prices: A comparison of time series and neural network models taking external regressors into account

M Lehna, F Scheller, H Herwartz - Energy Economics, 2022 - Elsevier
The amount of renewable energies in electricity production has increased significantly in the
last decade, resulting in more variability of the day-ahead electricity spot price. The …

An optimized heterogeneous structure LSTM network for electricity price forecasting

S Zhou, L Zhou, M Mao, HM Tai, Y Wan - Ieee Access, 2019 - ieeexplore.ieee.org
Electricity price is an important indicator of the market operation. Accurate prediction of
electricity price will facilitate the maximization of economic benefits and reduction of risks to …

Electricity spot prices forecasting based on ensemble learning

N Bibi, I Shah, A Alsubie, S Ali, SA Lone - IEEE Access, 2021 - ieeexplore.ieee.org
Efficient modeling and forecasting of electricity prices are essential in today's competitive
electricity markets. However, price forecasting is not easy due to the specific features of the …

On the importance of the long-term seasonal component in day-ahead electricity price forecasting with NARX neural networks

G Marcjasz, B Uniejewski, R Weron - International Journal of Forecasting, 2019 - Elsevier
Daily and weekly seasonalities are always taken into account in day-ahead electricity price
forecasting, but the long-term seasonal component has long been believed to add …

[HTML][HTML] Electricity price forecasting in the irish balancing market

C O'Connor, J Collins, S Prestwich, A Visentin - Energy Strategy Reviews, 2024 - Elsevier
Short-term electricity markets are becoming more relevant due to less-predictable
renewable energy sources, attracting considerable attention from the industry. The …

[HTML][HTML] Selection of calibration windows for day-ahead electricity price forecasting

G Marcjasz, T Serafin, R Weron - Energies, 2018 - mdpi.com
We conduct an extensive empirical study on the selection of calibration windows for day-
ahead electricity price forecasting, which involves six year-long datasets from three major …