Title :
What makes a good Hourly Price Forward Curve?
Author :
Hildmann, Marcus ; Caro, Gregoire ; Andersson, Goran ; Daly, Denis ; Rossi, S.
Author_Institution :
Power Syst. Lab., ETH Zurich, Zurich, Switzerland
Abstract :
While an Hourly Price Forward Curve (HPFC) plays a defining role in the profitability of all power trading, there is a lack of consensus on the a priori requirements of a suitable HPFC, as opposed to the a posteriori quality measure that executed trades be profitable. We attempt to address this issue by reviewing the methodology of HPFC construction, and recommending a suite of quality checks for the resulting prices, based on their intended application.
Keywords :
power system economics; pricing; HPFC a priori requirements; HPFC construction; hourly price forward curve; power trading profitability; quality check; Cooling; Meteorology; Radiation detectors;
Conference_Titel :
European Energy Market (EEM), 2013 10th International Conference on the
Conference_Location :
Stockholm
DOI :
10.1109/EEM.2013.6607349