Merit Order Effect Modeling: The Case of the Hellenic Electricity Market
A simple effective model is proposed for the day-ahead electricity market. The model considers the main factors which govern the process, predicts the seasonal and daily variation of electricity demand, renewable production, system marginal price, and merit order effect. The accuracy of the model is...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2019-10-01
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| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/12/20/3869 |