This paper examines the predictive power of weather for electricity prices in dayahead markets in real time. We find that next-day weather forecasts improve the forecast accuracy of Scandinavian day-ahead electricity prices substantially in terms of point forecasts, suggesting that weather forecasts can price the weather premium. This improvement strengthens the confidence in the forecasting mo...

The hedging of weather risks has become extremely relevant in recent years, promoting the diffusion of weather derivative contracts. The pricing of such contracts require the development of appropriate models for the prediction of the underlying weather variables. Within this framework, we present a modification of the double long memory ARFIMA-FIGARCH model introducing time-varying memory coef...

Weather patterns recognition is very important to improve forecasting skills regarding severe storm conditions over a given area of the Earth. Severe weather can damage electric and telecommunication systems, besides generating material losses and even losses of life (Cooray et al., 2007; Lo Piparo, 2010; Santos et al., 2011). In especial for the electrical sector, is strategic to recognize wea...

The National Institute of Information and Communications Technology (NICT) operates a Japanese space forecast center for the International Space Environment Service (ISES). Information on space weather is exchanged daily among the space weather forecast centers all over the world. Researches of space weather need data on large areas of space from the Sun to the Earth’s upper atmosphere. It is n...

Weather can cause problems for underground electrical grids by increasing the probability of serious “manhole events” such as fires and explosions. In this work, we compare a model that incorporates weather features associated with the dates of serious events into a single logistic regression, with a more complex approach that has three interdependent log linear models for weather, baseline man...

This paper presents the development of a prototype weather station to measure the following weather data: air temperature, relative humidity, dew point, wind speed, and rainfall. The weather station, which has been designed for remote operation, performs automatic or unmanned measurements of weather data and transmits it wirelessly to a PC for logging and display by means of a graphical user in...

The Mind Weave weather model is designed to loosely model real world weather systems while allowing magic to affect parameters of the model. The Mind Weave magic system can effect changes in atmospheric moisture, temperature, and winds. The purpose of this paper is to analyze the behavior of this weather model and produce correlation matrices that help us to predict how a spell cast by a mage w...