A methodology to forecast the price of electric energy


Journal A methodology to forecast the price of electric energy

Authors: D. Manca

Computer Aided Chemical Engineering, 32, 679-684, (2013)

Go to DOI : 10.1016/B978-0-444-63234-0.50114-7

The Electric Energy (EE) price plays a significant role in the economic assessment of chemical and more in general of industrial processes. As far as both short-term and long-term economic predictions are required (such as in planning, scheduling, supply chain, on-line optimization, and conceptual design) the estimation of future prices of EE calls for a mathematical model capable of forecasting the price values according to the intrinsic features of the electric market. The paper presents and discusses a methodology to deploy a quantitative econometric model that describes the deterministic dynamic attributes of EE price.