Search Results for author: Julius Trebbien

Found 3 papers, 0 papers with code

Multivariate Scenario Generation of Day-Ahead Electricity Prices using Normalizing Flows

no code implementations23 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.

Probabilistic Forecasting of Day-Ahead Electricity Prices and their Volatility with LSTMs

no code implementations5 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.

Management

Understanding electricity prices beyond the merit order principle using explainable AI

no code implementations9 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.

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