The contingent claims valuation of physical assets and financial derivatives depends critically on the specification and estimation of the stochastic process that describes the price path. Accurate valuation of claims based on competitive electricity prices has proved problematic, as electricity price data are not well represented by traditional commodity price models of Brownian motion. Observ...

abstract: implementing a combined cooling, heating and power system(cchp) to cool, heat and produce electricity is growing rapidly due to its efficiency and low emissions. in this paper, using economic analysis, the size and operation detail of the required gas engine and the specific electricity, cooling and heating load curves for a one year operating period has been determined. the proposed ...

Forecasting energy price and consumption is essential in making effective managerial decisions and plans. While there are many sophisticated mathematical methods developed so far to forecast, some nature-based intelligent algorithms with desired characteristics have been developed recently. The main objective of this research is short term forecasting of energy price and consumption in Iranian ...

We want to forecast the peak electricity demand in a half-hour period in twenty years time. We have fifteen years of half-hourly electricity data, temperature data and some economic and demographic data. The location is South Australia: home to the most volatile electricity demand in the world.

The aim of this study is to provide a precise model for one-month-ahead forecast of electricity demand in residential sector. In this study, a total of 20 influential variables are taken into account including monthly electricity consumption, 14 weather variables, and 5 social variables. Based on support vector regression and fuzzy-rough feature selection with particle swarm optimization algori...

This paper presents a novel hierarchical control approach and new mathematical optimization models of greenhouses, which can be readily incorporated into energy hub management systems in the context of smart grids to optimize the operation of their energy systems. In greenhouses, artificial lighting, CO2 production, and climate control systems consume considerable energy; thus, a mathematical m...

Regardless of the form of restructuring, deregulated electricity industries share one common feature: the absence of any significant, rapid demand-side response to the wholesale (or, spot market) price. For a variety of reasons, electricity industries continue to charge most consumers an average cost based on regulated retail tariff from the era of vertical integration, even as the retailers th...