On the Influence of Renewable Energy Sources in Electricity Price Forecasting in the Iberian Market

被引:10
|
作者
Aineto, Diego [1 ]
Iranzo-Sanchez, Javier [1 ]
Lemus-Zuniga, Lenin G. [2 ]
Onaindia, Eva [1 ]
Urchueguia, Javier F. [2 ]
机构
[1] Univ Politecn Valencia, Dept Sistemas Informat & Comp, E-46022 Valencia, Spain
[2] Univ Politecn Valencia, ITACA, E-46022 Valencia, Spain
关键词
electricity market; electricity price forecasting; day-ahead market; recurrent neural networks; renewable energies; IMPACT; MODELS; INTERMITTENT;
D O I
10.3390/en12112082
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
The mainstream of EU policies is heading towards the conversion of the nowadays electricity consumer into the future electricity prosumer (producer and consumer) in markets in which the production of electricity will be more local, renewable and economically efficient. One key component of a local short-term and medium-term planning tool to enable actors to efficiently interact in the electric pool markets is the ability to predict and decide on forecast prices. Given the progressively more important role of renewable production in local markets, we analyze the influence of renewable energy production on the electricity price in the Iberian market through historical records. The dependencies discovered in this analysis will serve to identify the forecasts to use as explanatory variables for an electricity price forecasting model based on recurrent neural networks. The results will show the wide impact of using forecasted renewable energy production in the price forecasting.
引用
收藏
页数:20
相关论文
共 50 条
  • [1] The effect of variable renewable energy sources on electricity price volatility: the case of the Iberian market
    da Silva, Paulo Pereira
    Horta, Paulo
    [J]. INTERNATIONAL JOURNAL OF SUSTAINABLE ENERGY, 2019, 38 (08) : 794 - 813
  • [2] A linear regression pattern for electricity price forecasting in the Iberian electricity market
    Ferreira, Angela Paula
    Ramos, Jenice Goncalves
    Fernandes, Paula Odete
    [J]. REVISTA FACULTAD DE INGENIERIA-UNIVERSIDAD DE ANTIOQUIA, 2019, (93): : 117 - 127
  • [3] Impact of the Renewable Energy Generation on the Iberian Electricity Market
    Lima, Jose
    Jeronimo, Rui
    Silva, Tania
    [J]. 2008 5TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ELECTRICITY MARKET, VOLS 1 AND 2, 2008, : 54 - 59
  • [4] Impact of Variable Renewable Energy in the Iberian Electricity Market
    Nuno, Edgar
    Pereira, Adelino J. C.
    Machado Ferreira, C. M.
    [J]. 2015 50TH INTERNATIONAL UNIVERSITIES POWER ENGINEERING CONFERENCE (UPEC), 2015,
  • [5] Renewable energy access in Rwanda: Electricity Price Forecasting
    Wang Yongli
    Niyigena, Jeanne Baptiste
    Ndayishimiye, Vedaste
    [J]. 2020 IEEE PES & IAS POWERAFRICA CONFERENCE, 2020,
  • [6] New probabilistic price forecasting models: Application to the Iberian electricity market
    Monteiro, Claudio
    Ramirez-Rosado, Ignacio J.
    Alfredo Fernandez-Jimenez, L.
    Ribeiro, Miguel
    [J]. INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS, 2018, 103 : 483 - 496
  • [7] Short-term price forecasting in the Iberian electricity market: Sensitivity assessment of the exogenous variables influence
    Bento, Pedro M. R.
    Pombo, Jose A. N.
    Mariano, Silvio J. P. S.
    Calado, Maria R. A.
    [J]. 2022 IEEE INTERNATIONAL CONFERENCE ON ENVIRONMENT AND ELECTRICAL ENGINEERING AND 2022 IEEE INDUSTRIAL AND COMMERCIAL POWER SYSTEMS EUROPE (EEEIC / I&CPS EUROPE), 2022,
  • [8] Renewable energy sources in the Egyptian electricity market: A review
    Ibrahim, A.
    [J]. RENEWABLE & SUSTAINABLE ENERGY REVIEWS, 2012, 16 (01): : 216 - 230
  • [9] Mathematical modelling of electricity market with renewable energy sources
    Marchenko, O. V.
    [J]. RENEWABLE ENERGY, 2007, 32 (06) : 976 - 990
  • [10] An ensemble approach for electricity price forecasting in markets with renewable energy resources
    Bhatia, Kushagra
    Mittal, Rajat
    Varanasi, Jyothi
    Tripathi, M. M.
    [J]. UTILITIES POLICY, 2021, 70