In recent years, with the deepening of China’s electricity sales side reform and electricity market opening up gradually, the forecasting of electricity consumption (FoEC) becomes an extremely important technique for the electricity market. At present, how to forecast the electricity accurately and make an evaluation of results scientifically are still key research topics. In this paper, we pro...

Starting with the liberalization of electricity trading, this market grew rapidly over the last decade. However, while spot and future markets are rather liquid nowadays, option trading is still limited. One of the potential reasons for this is that the spot price process of electricity is still puzzling researchers and practitioners. In this paper, we propose an approach to model spot prices t...

We consider interruptible electricity contracts issued by an electricity retailer that allow for interruptions to electric service in exchange for either an overall reduction in the price of electricity delivered or for financial compensation at the time of interruption. We provide an equilibrium model to determine electricity prices based on stochastic models of supply and demand. In the conte...

This thesis addresses two main issues: first, forecasting short-term electricity market prices; and second, the application of short-term electricity market price forecasts to operation planning of demand-side Bulk Electricity Market Customers (BEMCs). The Ontario electricity market is selected as the primary case market and its structure is studied in detail. A set of explanatory variable cand...

energy carriers including electricity play a critical role in human societies development, and as the time passes, their importance in the human socio-economic life rises. therefore, knowing electricity demand and the factors affecting on it could have an effective role in economic decision-making. while dividing electricity demand into different consuming sectors, this study uses economic vari...

One of the critical factors affecting the electric utility and electrical manufacturing industries is the forecast of the long-term demand for electricity. Superficial forecasts based on either past time trends or very broad based factors for the entire United States do not provide sufficient confidence for long-range planning. This effort is an attempt to examine the basic factors in the U. S....

Stock market is affected by news and information. If the stock market is not efficient, the reaction of stock price to news and information will place the stock market in overreaction and under-reaction states. Many models have been already presented by using different tools and techniques to forecast the stock market behavior. In this study, the reaction of stock price in the stock market was ...

The energy use increases rapidly due to growth in population, urbanization, and economic growth. Residential electricity consumption has an important place in the rapidly growing electricity consumption in India. Most of the studies that are carried out for energy planning in India, use macrolevel data for the estimation of price and income elasticities of electricity demand. The present study ...

This paper investigates the relationship between electricity consumption, output, and price in the manufacturing sector in Malaysia. We find that electricity consumption, output, and price are cointegrated in the long run. In addition, it has been found that the relationship between electricity consumption and output is positive. In the long run, we find a unidirectional causality from manufact...

Bilateral procurement contracts in the electricity industry use fixed unit prices to settle payments and deliveries. This type of purchasing arrangement creates perverse production incentives and ignores dynamic uncertainties that are inherent in electricity markets. We consider a continuous-time contracting environment, in which the electricity price is modeled as a mean reversion jump diffusi...