Electricity price forecasting

Authored by: Rafał Weron , Florian Ziel

Routledge Handbook of Energy Economics

Print publication date:  September  2019
Online publication date:  September  2019

Print ISBN: 9781138208254
eBook ISBN: 9781315459653
Adobe ISBN:


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Electricity price forecasting (EPF) is a branch of energy forecasting on the interface between econometrics/statistics and engineering, which focuses on predicting the spot and forward prices in wholesale electricity markets. Over the last 25 years, a variety of methods and ideas have been tried, with varying degrees of success. In this chapter we offer a tutorial review of EPF with an emphasis on models and forecast evaluation techniques for point, probabilistic, and ensemble predictions.

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