This repository presents a novel approach combining a techno-economic energy system model with an econometric model to enhance electricity price forecasting accuracy. Tested on the German day-ahead wholesale electricity market, the integrated model improves forecasting accuracy by 18% compared to benchmarks in the literature.
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This repository presents a novel approach combining a techno-economic energy system model with an econometric model to enhance electricity price forecasting accuracy. Tested on the German day-ahead wholesale electricity market, the integrated model improves forecasting accuracy by 18% compared to benchmarks in the literature.
BTU-EnerEcon/Electricity_price_forecasting_with_fundamental_model_input
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This repository presents a novel approach combining a techno-economic energy system model with an econometric model to enhance electricity price forecasting accuracy. Tested on the German day-ahead wholesale electricity market, the integrated model improves forecasting accuracy by 18% compared to benchmarks in the literature.
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