Modelling and Forecasting Electricity Prices

The principal object of this project is the analysis of models most suited to forecast as best as possible the electricity market prices. In this framework the main topics discussed in our work can be summarized as follows: ■ Summary of current situation of the European electricity market in general and of the Italian Electricity Market (IPEX) in particular ■ Presentation of the main characteristics of electricity prices ■ Exposure of models useful for forecasting; ■ Empirical analysis of a time series of prices for the Italian electricity market using some of the models mentioned above.