Forecasting Short-term Electricity Prices in South Korean Electricity Market

한국전력시장에서의 단기전력가격 예측

  • Published : 2008.11.07

Abstract

The authors develop and compare the performance of short-term forecasting models on electricity market prices in Korea. The models are based on time-series methods. The outcome shows that the EGARCH model has the best results in the out-of-sample forecasts.

Keywords