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Efficient representation of supply and demand curves on day-ahead electricity markets

Mariia Soloviova, Tiziano Vargiolu

arXiv 2 Feb 2020 · q-fin.PR · publishedThe Journal of Energy Markets (2021)

arXiv:2002.00507 · PDF · DOI · OpenAlex · Extracted main text

Abstract

Our paper aims to model supply and demand curves of electricity day-ahead auction in a parsimonious way. Our main task is to build an appropriate algorithm to present the information about electricity prices and demands with far less parameters than the original one. We represent each curve using mesh-free interpolation techniques based on radial basis function approximation. We describe results of this method for the day-ahead IPEX spot price of Italy.

Citation extraction

18
references
12
in-text mentions
12
distinct cited
1
self-citations
5,589
main-text words

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Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Andreis, L., Flora, M., Fontini, F. and Vargiolu, T (2019) Pricing Reliability Options under different electricity prices' regimes, preprint, https://arxiv.org/abs/1909.05761 self0.40511100%
2Aneiros G., Vilar J.M., Cao R., San Roque A.M. Functional prediction… (2013) 4201-42080.40511100%
3Bozzini, M. Lenarduzzi, L., Rossini M., Schaback R. Interpolation wi… (2015) 199-2190.40511100%
4Eichler, M., Sollie, J., Tuerk, D. A new approach for modelling elec… (2012) Trondheim, Norway0.40511100%
5Perracchione E., Stura I. RBF kernel method and its applications to… (2016) 13-180.40511100%
6Fasshauer, G.E. Positive definite kernels: past, present and future,… (2011) 21-630.40511100%
7Micchelli C.A. Interpolation of scattered data: Distance matrices an… (1986) 11-220.40511100%
8Shah, I. Modeling and Forecasting Electricity Market Variables (2016) [PhD Thesis]0.40511100%
9Wendland H. Scattered Data Approximation, Cambridge Monogr. Appl. Co… (2005)0.40511100%
10Weron R. Electricity price forecasting: A review of the state-of-the… (2014) 1030 - 10810.40511100%

Showing the top 10 of 12 scored citations.

Cited by, within the corpus

arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.

Citing paperIntensityMentionsSections
1My Publication Title –- Multiple Authors0.40511