Abstract
The bidding process in deregulated spot markets calls for effective prediction of the spot price in helping to frame suitable bid prices for the offer stack. Spot prices also feed schedules for plant operation. Demand forecasting is well established and demand is a major factor in determining a spot price. However supply is also a factor and effective price forecasting needs to take account of both of these.
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Tobin, P., Brown, A. (2002). Spot Price Forecasting Models for Risk Aversion in Victoria’s Electricity Market. In: Kozan, E., Ohuchi, A. (eds) Operations Research/Management Science at Work. International Series in Operations Research & Management Science, vol 43. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-0819-9_24
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DOI: https://doi.org/10.1007/978-1-4615-0819-9_24
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