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Deregulation of wholesale energy markets has brought many challenges and one of them is the accuracy of price forecasting methods. In the environment where price is set not only by matching supply (generation side) and demand (utilities and customer side) but is also influenced by various factors such as capacity, ancillary services and transmission congestion, the most popular forecasting tools are...
Price in the wholesale energy markets is established by matching supply (what generators want to sell) and demand (what utilities and customers want to buy). Developing the proper pricing strategies is becoming increasingly relevant to producers and consumers in the new competitive electric power markets. Price-forecasting tools are essential for all market participants for their survival under new...
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