Profiling clusters of European electricity markets
Event Title
JOCLAD 2020
Year (definitive publication)
2020
Language
English
Country
Portugal
More Information
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Abstract
We aim to characterize clusters of European regions with similar electricity prices behavior. Since electricity prices are influenced by many drivers such as demand, fuel and CO2 emission allowances prices and renewable and nonrenewable
energy production, we integrate in the analysis, time series data regarding multiple related predictors. The insights on the clusters are obtained via descriptive and exploratory techniques including classification trees. Auxiliary
analysis includes building adequate features from time series (e.g. Discrete Fourier transform are considered).
Acknowledgements
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Keywords
electricity markets,time series,classication trees
Fields of Science and Technology Classification
- Economics and Business - Social Sciences