DocumentCode
3148869
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
fYear
2013
fDate
27-31 May 2013
Firstpage
1
Lastpage
7
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;
fLanguage
English
Publisher
ieee
Conference_Titel
European Energy Market (EEM), 2013 10th International Conference on the
Conference_Location
Stockholm
Type
conf
DOI
10.1109/EEM.2013.6607349
Filename
6607349
Link To Document