Skip to the main content

Review article

Mathematical Model of the Electricity Prices on the Spot Market

V. Uran


Full text: croatian pdf 1.787 Kb

page 202-217

downloads: 656

cite

Full text: english pdf 1.787 Kb

page 202-217

downloads: 465

cite


Abstract

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.

Keywords

price; electricity; price processes

Hrčak ID:

3615

URI

https://hrcak.srce.hr/3615

Publication date:

28.4.2006.

Article data in other languages: croatian

Visits: 2.676 *