Modelling flexibility: how storage and demand response change price dynamics
As decarbonisation progresses in power systems, flexibility is now the key asset in electricity markets. Historically, forecasting models relied on
As decarbonisation progresses in power systems, flexibility is now the key asset in electricity markets. Historically, forecasting models relied on
Power producers and portfolio managers can capture value across different time horizons, including spot, intraday, and forward, by balancing physical
The shift to cleaner, more decentralised energy systems has made electricity markets more complicated than ever. Prices now reflect not only supply and
In today’s more complex energy environment, basic point forecasting isn't sufficient. A point forecast provides a single expected result, for instance,
Forecasting power prices has become more complex and vital than ever. Markets are influenced by a complex interplay of physical limitations, policy cues, and
The European power market has rarely faced such intense scrutiny. Following the 2022–23 energy crisis, policymakers across the EU and UK have been
For decades, coal has been the main source for electricity production and a benchmark for power prices. Although renewables and gas now dominate, coal’s
Carbon pricing is one of the most critical and least understood pricing linkages in the energy transition: it shifts the merit order of power plants, making
As power grids change, fossil fuels and renewables are offering investors, consumers and potential power producers a choice of energy sources. But the fuel