Efficient representation of supply and demand curves on day-ahead\n electricity markets

2020/02/02 by Mariia Soloviova, Soloviova, Mariia, Tiziano Vargiolu +1 · 1 citation
Energy · Engineering · #Econometrics (econ.EM) #Electric Power System Optimization #Energy Efficiency and Management #FOS: Economics and business #Pricing of Securities (q-fin.PR) #Smart Grid Energy Management

paper · pdf · doi:10.48550/arxiv.2002.00507

openalex publication_date 2020/02/02 · openalex created_date 2022/07/26 · openalex updated_date 2026/07/28

Abstract

Our paper aims to model supply and demand curves of electricity day-ahead\nauction in a parsimonious way. Our main task is to build an appropriate\nalgorithm to present the information about electricity prices and demands with\nfar less parameters than the original one. We represent each curve using\nmesh-free interpolation techniques based on radial basis function\napproximation. We describe results of this method for the day-ahead IPEX spot\nprice of Italy.\n

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