Title :
New requirements and approaches to the long-term forecasting of electricity prices
Author_Institution :
Energy Syst. Inst., Irkutsk
Abstract :
The paper describes a multi-stage approach that includes: determination of dynamics of the minimum offer prices, that provide loss-free operation and expansion of generation companies; simulation of competition among these companies in the regional energy markets; consideration for a corrective effect the electricity price may have on demand. The calculation results of the long-term price dynamics are given for two scenarios of the economy development and study of the influence the various factors have on electricity cost.
Keywords :
power markets; power system economics; pricing; electricity cost; electricity price forecasting; energy market; generation company expansion; long-term price dynamics; loss-free operation; Costs; Economic forecasting; Electricity supply industry; Energy consumption; Feeds; Investments; Load forecasting; Power generation; Predictive models; Pricing; electricity market; electricity tariffs; long-term price forecasting;
Conference_Titel :
Power Tech, 2005 IEEE Russia
Conference_Location :
St. Petersburg
Print_ISBN :
978-5-93208-034-4
Electronic_ISBN :
978-5-93208-034-4
DOI :
10.1109/PTC.2005.4524767
