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Computational Intelligence and Decision Making pp 345–354Cite as

Multidimensional Scaling Analysis of Electricity Market Prices

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Part of the book series: Intelligent Systems, Control and Automation: Science and Engineering ((ISCA,volume 61))

Abstract

This paper studies the impact of energy and stock markets upon electricity markets using Multidimensional Scaling (MDS). Historical values from major energy, stock and electricity markets are adopted. To analyze the data several graphs produced by MDS are presented and discussed. This method is useful to have a deeper insight into the behavior and the correlation of the markets. The results may also guide the construction models, helping electricity markets agents hedging against Market Clearing Price (MCP) volatility and, simultaneously, to achieve better financial results.

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Acknowledgments

The author thanks the following organizations for allowing access to the data:

• U.S. Energy and Information, http://www.eia.doe.gov/

• Yahoo! Finance, http://finance.yahoo.com/

• OMEL Mercado de Electricidad, http://www.omel.es/inicio

• PJM: Interconnection, http://www.pjm.com/

• EXAA Energy Exchange Austria, http://www.exaa.at/

• GME Gestore Mercati Energetici, http://www.mercatoelettrico.org/En/Default.aspx

The authors acknowledge the help of João Soares to obtain the historical data.

Author information

Authors and Affiliations

  1. INESC TEC - INESC Technology and Science (formerly INESC Porto) and ISEP/IPP - School of Engineering, Polytechnic Institute of Porto, Rua Dr. António Bernardino de Almeida, 4200-072, Porto, Portugal

    Filipe Azevedo

  2. Portugal and INESC TEC (formerly INESC Porto), Porto, Portugal

    Filipe Azevedo

  3. Institute of Engineering, Department of Electrical Engineering, Polytechnic of Porto (ISEP/IPP), Rua Dr. António Bernardino de Almeida, 4200-072, Porto, Portugal

    J. Tenreiro Machado

Authors
  1. Filipe Azevedo
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  2. J. Tenreiro Machado
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Corresponding author

Correspondence to Filipe Azevedo .

Editor information

Editors and Affiliations

  1. Computer Science Department, Polytechnique Institute of Porto, Rua Dr. Bernardino de Almeida 431, Porto, 4200-072, Portugal

    Ana Madureira

  2. Electrical and Engineering Department, Polytechnique Institute of Porto, Rua Dr. Bernardino de Almeida 431, Porto, 4200-072, Portugal

    Cecilia Reis

  3. , Department of Computer Science and Syste, Polytechnique Institute of Coimbra, Rua Pedro Nunes - Quinta da Nora, Coimbra, 3030-199, Portugal

    Viriato Marques

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Azevedo, F., Machado, J.T. (2013). Multidimensional Scaling Analysis of Electricity Market Prices. In: Madureira, A., Reis, C., Marques, V. (eds) Computational Intelligence and Decision Making. Intelligent Systems, Control and Automation: Science and Engineering, vol 61. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-4722-7_32

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  • DOI: https://doi.org/10.1007/978-94-007-4722-7_32

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  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-007-4721-0

  • Online ISBN: 978-94-007-4722-7

  • eBook Packages: EngineeringEngineering (R0)

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