Supply and demand for electricity show conciderable fluctuations with season and time of day. Novel market-based methods for supply – demand matching are currently investigated in a European project. This report covers a first set of simulations using the Consec algorithm on the time-scale of day-ahead power markets. Furthermore it describes simulations under preparation within the project. The...

Electricity price predictions have become a major discussion on competitive market under deregulated power system. But, the exclusive characteristics of electricity price such as non-linearity, non-stationary and time-varying volatility structure present several challenges for this task. In this paper, a new forecast strategy based on the iterative neural network is proposed for Day-ahead price...