Forecasting electricity prices
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/99133 |
Resumo: | Castelli, M., Groznik, A., & Popovič, A. (2020). Forecasting electricity prices: A machine learning approach. Algorithms, 13(5), 1-16. [119]. https://doi.org/10.3390/A13050119 |
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Forecasting electricity pricesA machine learning approachBased programmingElectricity pricesEnergy sectorForecastingGeometric semanticMachine learningTheoretical Computer ScienceNumerical AnalysisComputational Theory and MathematicsComputational MathematicsCastelli, M., Groznik, A., & Popovič, A. (2020). Forecasting electricity prices: A machine learning approach. Algorithms, 13(5), 1-16. [119]. https://doi.org/10.3390/A13050119The electricity market is a complex, evolutionary, and dynamic environment. Forecasting electricity prices is an important issue for all electricity market participants. In this study, we shed light on how to improve electricity price forecasting accuracy through the use of a machine learning technique-namely, a novel genetic programming approach. Drawing on empirical data from the largest EU energy markets, we propose a forecasting model that considers variables related to weather conditions, oil prices, and CO2 coupons and predicts energy prices 24 h ahead. We show that the proposed model provides more accurate predictions of future electricity prices than existing prediction methods. Our important findings will assist the electricity market participants in forecasting future price movements.NOVA Information Management School (NOVA IMS)Information Management Research Center (MagIC) - NOVA Information Management SchoolRUNCastelli, MauroGroznik, AlešPopovič, Aleš2020-06-10T00:45:03Z2020-05-082020-05-08T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article16application/pdfhttp://hdl.handle.net/10362/99133eng1999-4893PURE: 18512056https://doi.org/10.3390/A13050119info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:46:11Zoai:run.unl.pt:10362/99133Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:39:08.049491Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Forecasting electricity prices A machine learning approach |
title |
Forecasting electricity prices |
spellingShingle |
Forecasting electricity prices Castelli, Mauro Based programming Electricity prices Energy sector Forecasting Geometric semantic Machine learning Theoretical Computer Science Numerical Analysis Computational Theory and Mathematics Computational Mathematics |
title_short |
Forecasting electricity prices |
title_full |
Forecasting electricity prices |
title_fullStr |
Forecasting electricity prices |
title_full_unstemmed |
Forecasting electricity prices |
title_sort |
Forecasting electricity prices |
author |
Castelli, Mauro |
author_facet |
Castelli, Mauro Groznik, Aleš Popovič, Aleš |
author_role |
author |
author2 |
Groznik, Aleš Popovič, Aleš |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
NOVA Information Management School (NOVA IMS) Information Management Research Center (MagIC) - NOVA Information Management School RUN |
dc.contributor.author.fl_str_mv |
Castelli, Mauro Groznik, Aleš Popovič, Aleš |
dc.subject.por.fl_str_mv |
Based programming Electricity prices Energy sector Forecasting Geometric semantic Machine learning Theoretical Computer Science Numerical Analysis Computational Theory and Mathematics Computational Mathematics |
topic |
Based programming Electricity prices Energy sector Forecasting Geometric semantic Machine learning Theoretical Computer Science Numerical Analysis Computational Theory and Mathematics Computational Mathematics |
description |
Castelli, M., Groznik, A., & Popovič, A. (2020). Forecasting electricity prices: A machine learning approach. Algorithms, 13(5), 1-16. [119]. https://doi.org/10.3390/A13050119 |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-06-10T00:45:03Z 2020-05-08 2020-05-08T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/99133 |
url |
http://hdl.handle.net/10362/99133 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1999-4893 PURE: 18512056 https://doi.org/10.3390/A13050119 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
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openAccess |
dc.format.none.fl_str_mv |
16 application/pdf |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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