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Mathematical Model of the Electricity Prices on the Spot Market

V. Uran


Puni tekst: hrvatski pdf 1.787 Kb

str. 202-217

preuzimanja: 600

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Puni tekst: engleski pdf 1.787 Kb

str. 202-217

preuzimanja: 404

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Sažetak

The price on the electricity market is constantly changing. Owing to the characteristics of electricity the future movement of the price is relatively hard to predict. For this reason the following three processes are applied: the process of the future electricity price movement according to the geometric Brownian motion, the mean reversion process, and the price spikes process. The paper discusses all three processes, including their definitions, formulas and applications, as well as their upsides and downsides.

Ključne riječi

price; electricity; price processes

Hrčak ID:

3615

URI

https://hrcak.srce.hr/3615

Datum izdavanja:

28.4.2006.

Podaci na drugim jezicima: hrvatski

Posjeta: 2.130 *