10.05.2023 12:15 Gernot Müller (Universität Augsburg):
New challenges in electricity price modelingBC1 2.01.10 (Parkring 11, 85748 Garching)
Renewable energies, in particular wind and solar power, have become responsible for a large part of the variation in electricity prices in the past years. Moreover, traders are more and more interested in models which can be used to forecast the day-ahead-/intraday-price-spread. In this talk we shed some light on new models for electricity prices using continuous autoregressive processes. In addition, we discuss intraday price modeling and spread forecasting based on Bayesian statistics and artificial intelligence.