A Power Market Forward Curve with Hydrology Dependence - An Approach based on Artificial Neural Networks
This paper develops an hourly forward curve for power markets where the intra-day and intra-week shapes (profiles) depend on the level of the hydrological balance. The shaping model is based on a feed-forward Artificial Neural Network (ANN), which is trained on a historical data set of hourly electricity spot prices from the Nord Pool market and weekly measurements of the Nordic hydrological balan