Electricity Price Forecasting

This page is about the applications of machine learning (ML) in the context of electricity price forecasting. For an overview of electricity price forecasting more generally, please see the Wikipedia page on this topic.

The price of electric energy can be used to influence the utilization of flexibility options. To utilize flexibility more effectively, prices must be forecasted accurately. ML can help make these forecasts more accurate, improve temporal and spatial resolution, and quantify uncertainty.

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