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Accurate short-term solar and wind power predictions play an important role in the planning and operation of power systems. However, the short-term power prediction of renewable energy has always been considered a complex regression…

系统与控制 · 电气工程与系统科学 2022-02-08 Wenlong Liao , Birgitte Bak-Jensen , Jayakrishnan Radhakrishna Pillai , Zhe Yang , Kuangpu Liu

Accurate price predictions are essential for market participants in order to optimize their operational schedules and bidding strategies, especially in the current context where electricity prices become more volatile and less predictable…

计算工程、金融与科学 · 计算机科学 2025-09-26 Naga Venkata Sai Jitin Jami , Juraj Kardoš , Olaf Schenk , Harald Köstler

We present a hierarchical architecture based on Recurrent Neural Networks (RNNs) for predicting disaggregated inflation components of the Consumer Price Index (CPI). While the majority of existing research is focused mainly on predicting…

综合经济学 · 经济学 2022-02-18 Oren Barkan , Jonathan Benchimol , Itamar Caspi , Eliya Cohen , Allon Hammer , Noam Koenigstein

The integration of renewable energy into electricity markets poses significant challenges to price stability and increases the complexity of market operations. Accurate and reliable electricity price forecasting is crucial for effective…

机器学习 · 计算机科学 2025-02-10 Ciaran O'Connor , Mohamed Bahloul , Roberto Rossi , Steven Prestwich , Andrea Visentin

Accurate and efficient imbalance electricity price forecasting is critical for industrial energy trading systems, especially as battery assets and automated bidding pipelines increasingly participate in balancing markets. However, real-time…

We present a novel approach to probabilistic electricity price forecasting which utilizes distributional neural networks. The model structure is based on a deep neural network that contains a so-called probability layer. The network's…

统计金融 · 定量金融 2023-09-29 Grzegorz Marcjasz , Michał Narajewski , Rafał Weron , Florian Ziel

Power grids play a very important role in delivering electrical energy to homes, industries and other places that require it. Because of this increased demand they are facing a great challenge of voltage variations. This happens due to…

信号处理 · 电气工程与系统科学 2021-06-25 Sahil Vohra

Short term electricity price forecast is essential in competitive power markets, yet electricity price series exhibit high volatility, irregularity, and non-stationarity. This phenomenon is pronounced in the South Australian region of the…

机器学习 · 计算机科学 2026-04-28 Wei Lu , Jay Wang , Dingli Duan , Ding Mao , Caiyi Song , John Huang

Forecasting electricity prices is a challenging task and an active area of research since the 1990s and the deregulation of the traditionally monopolistic and government-controlled power sectors. Although it aims at predicting both spot and…

统计金融 · 定量金融 2025-07-23 Katarzyna Maciejowska , Bartosz Uniejewski , Rafał Weron

The accurate prediction of short-term electricity prices is vital for effective trading strategies, power plant scheduling, profit maximisation and efficient system operation. However, uncertainties in supply and demand make such…

计量经济学 · 经济学 2023-04-20 Mira Watermeyer , Thomas Möbius , Oliver Grothe , Felix Müsgens

Accurate electrical load forecasting is of great importance for the efficient operation and control of modern power systems. In this work, a hybrid long short-term memory (LSTM)-based model with online correction is developed for day-ahead…

系统与控制 · 电气工程与系统科学 2024-03-07 Nan Lu , Quan Ouyang , Yang Li , Changfu Zou

In this study, the novel hybrid machine learning approach is proposed in carbon price fluctuation prediction. Specifically, a research framework integrating DILATED Convolutional Neural Networks (CNN) and Long Short-Term Memory (LSTM)…

机器学习 · 计算机科学 2024-11-06 H. Wang , Y. Pang , D. Shang

Recent studies concerning the point electricity price forecasting have shown evidence that the hourly German Intraday Continuous Market is weak-form efficient. Therefore, we take a novel, advanced approach to the problem. A probabilistic…

统计金融 · 定量金融 2021-02-02 Michał Narajewski , Florian Ziel

The recent energy crisis starting in 2021 led to record-high gas, coal, carbon and power prices, with electricity reaching up to 40 times the pre-crisis average. This had dramatic consequences for operational and risk management prompting…

应用统计 · 统计学 2024-08-27 Paul Ghelasi , Florian Ziel

Accurate prediction of electricity prices plays an essential role in the electricity market. To reflect the uncertainty of electricity prices, price intervals are predicted. This paper proposes a novel prediction interval construction…

机器学习 · 计算机科学 2025-01-15 Xin Lu

Recent studies provide evidence that decomposing the electricity price into the long-term seasonal component (LTSC) and the remaining part, predicting both separately, and then combining their forecasts can bring significant accuracy gains…

统计金融 · 定量金融 2025-03-05 Katarzyna Chęć , Bartosz Uniejewski , Rafał Weron

Probabilistic electricity price forecasting (PEPF) is vital for short-term electricity markets, yet the multivariate nature of day-ahead prices - spanning 24 consecutive hours - remains underexplored. At the same time, real-time…

机器学习 · 统计学 2026-04-27 Simon Hirsch

Recent advancements in the fields of artificial intelligence and machine learning methods resulted in a significant increase of their popularity in the literature, including electricity price forecasting. Said methods cover a very broad…

应用统计 · 统计学 2020-08-19 Grzegorz Marcjasz , Jesus Lago , Rafał Weron

Our paper aims to model and forecast the electricity price by taking a completely new perspective on the data. It will be the first approach which is able to combine the insights of market structure models with extensive and modern…

交易与市场微观结构 · 定量金融 2016-10-18 Florian Ziel , Rick Steinert

Stock prices are highly volatile and sudden changes in trends are often very problematic for traditional forecasting models to handle. The standard Long Short Term Memory (LSTM) networks are regarded as the state-of-the-art models for such…

机器学习 · 计算机科学 2022-04-29 Debasrita Chakraborty , Susmita Ghosh , Ashish Ghosh