Electricity Price Modelling and Forecasting Forum 7-8 March 2023
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Primo Eventi
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Event Details
Electricity Price Modelling and Forecasting Forum 7-8 March 2023
Electricity Price Modelling and Forecasting Forum 7-8 March 2023 Description Electricity (energy commodity) is traded on the wholesale market. Suppliers (electricity generators) and demanders (retailers) are active on the wholesale electricity market. They meet on the power exchange.
Electricity generators disclose the amount of power they are willing to sell for a given price and demanders disclose the amount of power they are prepared to buy for a given price. As electricity cannot be stored economically, the electricity market has a highly volatile character. That is why electricity price forecasting has to be based on reliable models that take into account all major factors affecting the price.
During this event we’ll cover Short-term forecasting generally involves horizon from a few minutes up to a few days ahead and is of prime importance in day-to-day market operations. Medium-term forecasting, from a few days to a few months ahead, is generally preferred for balance sheet calculations, risk management and derivatives pricing. Long-term forecasting, with lead times measures in months, quarters or years, concentrates on investment profitability analysis and planning.
Electricity generators disclose the amount of power they are willing to sell for a given price and demanders disclose the amount of power they are prepared to buy for a given price. As electricity cannot be stored economically, the electricity market has a highly volatile character. That is why electricity price forecasting has to be based on reliable models that take into account all major factors affecting the price.
During this event we’ll cover Short-term forecasting generally involves horizon from a few minutes up to a few days ahead and is of prime importance in day-to-day market operations. Medium-term forecasting, from a few days to a few months ahead, is generally preferred for balance sheet calculations, risk management and derivatives pricing. Long-term forecasting, with lead times measures in months, quarters or years, concentrates on investment profitability analysis and planning.
Entry Fees
Free Registration
Categories
Event Frequency
Annual
Event Timings
(GMT+2:00) Amsterdam, Berlin, Rome, Stockholm, Vienna
09:00 AM - 06:00 PM (Mar 07, Mar 08) (Business)
Organizer
Primo Eventi
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Primo Eventi produce and organize business conferences for the Energy and other industries Primo Eventi was founded in 2011 and now manages over 65 events in up to 10 countries each year. Headquartered in Prague,it is currently active in the Mi...
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Event Location
Berlin
Berlin, Kreisfreie Stadt Berlin ,
Berlin, Berlin, Germany
Berlin, Berlin, Germany
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