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Spot Price Forecasting Models for Risk Aversion in Victoria’s Electricity Market

  • Patrick Tobin
  • Alan Brown
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 43)

Abstract

The bidding process in deregulated spot markets calls for effective prediction of the spot price in helping to frame suitable bid prices for the offer stack. Spot prices also feed schedules for plant operation. Demand forecasting is well established and demand is a major factor in determining a spot price. However supply is also a factor and effective price forecasting needs to take account of both of these.

Keywords

Forecasting electricity market 

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Copyright information

© Springer Science+Business Media New York 2002

Authors and Affiliations

  • Patrick Tobin
    • 1
  • Alan Brown
    • 1
  1. 1.Centre for Mathematical ModellingSwinburne University of TechnologyAustralia

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