Structural modeling of electricity spot prices, using a residual load and coal generation cost approach
(2013) EXTM10 20131Department of Economics
- Abstract
- This thesis aims at evaluating a couple of recently developed strategies for modeling the spot price of electricity. We use a structural modeling approach to model the fundamental behavior of total system load combined with separate models for wind- and solar energy infeed, connected to a number of supply functions to estimate the spot price from the system load. Furthermore we also evaluate the models performances when estimating prices of quarterly power futures and investigate the coal generation costs impact on spot prices over time, using amongst other things, an Artificial Neural Network approach.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/4057743
- author
- Gifvars, Per LU
- supervisor
-
- Rikard Green LU
- organization
- course
- EXTM10 20131
- year
- 2013
- type
- H1 - Master's Degree (One Year)
- subject
- language
- English
- id
- 4057743
- date added to LUP
- 2013-09-23 13:27:36
- date last changed
- 2013-09-23 13:27:36
@misc{4057743, abstract = {{This thesis aims at evaluating a couple of recently developed strategies for modeling the spot price of electricity. We use a structural modeling approach to model the fundamental behavior of total system load combined with separate models for wind- and solar energy infeed, connected to a number of supply functions to estimate the spot price from the system load. Furthermore we also evaluate the models performances when estimating prices of quarterly power futures and investigate the coal generation costs impact on spot prices over time, using amongst other things, an Artificial Neural Network approach.}}, author = {{Gifvars, Per}}, language = {{eng}}, note = {{Student Paper}}, title = {{Structural modeling of electricity spot prices, using a residual load and coal generation cost approach}}, year = {{2013}}, }