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Structural modeling of electricity spot prices, using a residual load and coal generation cost approach

Gifvars, Per LU (2013) EXTM10 20131
Department 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:
author
Gifvars, Per LU
supervisor
organization
course
EXTM10 20131
year
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},
}