Power trading and forecasting tool

Details Power trading and forecasting tool Power trading and forecasting tool

1997-07-21

1999-10-26

Cosimano, Edward R.

Data processing: financial, business practice, management, or co

For cost/price

Utility usage

705 10, 702180, G06F 1760

Patent

active

059744030

ABSTRACT:
A computer implemented tool forecasts the spot price of electric power in a deregulated market and the amounts of power that may be traded in this market. Using generating capacities of multiple utilities, price functions, weather forecasts, and transmission variables, the computer implemented tool makes these forecasts at different delivery points, providing the decision maker with probabilistic distributions for spot prices and trading.

REFERENCES:
Robert F. Engle, Scott J. Brown and Gary Stern, A Comparison of Adaptive Structural Forecasting Methods for Electricity Sales, Journal of Forecasting, vol. 7, 149 172 (1988).
Michael R. Veall, On Estimating the Effects of Peak Demand Pricing, Journal of Applied Econometrics, vol. 1, No. 1, 1986.

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