A very important task in electricity market operation is to forecast day ahead market price in order to implement adequate bidding strategies. In this direction, this paper proposes a technique to forecast day-ahead electricity prices based on the mean reverting process, using a properly fitted model. Results from the electricity market of Italy during year 2009 are finally reported.
Published in:
Energy Market (EEM), 2010 7th International Conference on the European
Date of Conference: 23-25 June 2010