9/29/2017 0 Comments Month End Closing Activities SapioElectricity price forecasting: A review of the state- of- the- art with a look into the future. A variety of methods and ideas have been tried for electricity price forecasting (EPF) over the last 1. This review article aims to explain the complexity of available solutions, their strengths and weaknesses, and the opportunities and threats that the forecasting tools offer or that may be encountered. The paper also looks ahead and speculates on the directions EPF will or should take in the next decade or so. In particular, it postulates the need for objective comparative EPF studies involving (i) the same datasets, (ii) the same robust error evaluation procedures, and (iii) statistical testing of the significance of one model’s outperformance of another. ![]()
1. Introduction. Since the early 1990s, the process of deregulation and the introduction of competitive markets have been reshaping the landscape of the traditionally.
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