NDLI: Modeling of electricity load for forward contract pricing

Content Provider	IEEE Xplore Digital Library
Author	Sotiropoulos, E. Hildmann, M. Yang He Andersson, G.
Copyright Year	2013
Description	Author affiliation: Power Syst. Lab., ETH Zurich, Zurich, Switzerland (Sotiropoulos, E.; Hildmann, M.; Yang He; Andersson, G.)
Abstract	The majority of the consumed electricity in Europe is currently traded as forward contracts and therefore reliable price forecasting is crucial for market players. Several pricing methods based on fundamental models are available. They require a load model, which captures the characteristics of the electricity consumption. We propose an hourly load model for fundamental modeling of forward contract pricing and the formulation of the Hourly Price Forward Curve. This model captures deterministic patterns such as yearly and weekly seasonality, intra-day patterns including holidays, temperature effects and economic trends. These pattern and trends can be estimated with computational efficiency via Maximum Likelihood Estimator.
Sponsorship	IEEE Power Energy Soc.
Starting Page	1
Ending Page	5
File Size	555501
Page Count	5
File Format	PDF
ISBN	9781479913039
ISSN	19449925
DOI	10.1109/PESMG.2013.6672834
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2013-07-21
Publisher Place	Canada
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Load modeling Biological system modeling Predictive models Economics Production Electricity Temperature
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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