no code implementations • 23 Nov 2023 • Hannes Hilger, Dirk Witthaut, Manuel Dahmen, Leonardo Rydin Gorjao, Julius Trebbien, Eike Cramer
Additionally, our analysis highlights how our improvements towards adaptations in changing regimes allow the normalizing flow to adapt to changing market conditions and enable continued sampling of high-quality day-ahead price scenarios.
no code implementations • 5 Oct 2023 • Julius Trebbien, Sebastian Pütz, Benjamin Schäfer, Heidi S. Nygård, Leonardo Rydin Gorjão, Dirk Witthaut
Accurate forecasts of electricity prices are crucial for the management of electric power systems and the development of smart applications.
no code implementations • 9 Dec 2022 • Julius Trebbien, Leonardo Rydin Gorjão, Aaron Praktiknjo, Benjamin Schäfer, Dirk Witthaut
In perfect competition, the merit order principle describes that dispatchable power plants enter the market in the order of their marginal costs to meet the residual load, i. e. the difference of load and renewable generation.