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Modeling of cyclic events in electricity markets using circular statistical methods

dc.contributor.authorFreitas, Daniel
dc.contributor.authorMartins, Ana Alexandra
dc.contributor.authorLagarto, João
dc.date.accessioned2019-03-08T15:12:15Z
dc.date.available2019-03-08T15:12:15Z
dc.date.issued2016-07-28
dc.description.abstractIn the current operation of electricity markets, market price and quantity present a distinct pattern between peak and off-peak hours. This pattern tends to repeat over a 24-hour time cycle. The purpose of this study is to analyze the maximum values of day-ahead market prices, considering the time of day when the maximum values are reached and the respective quantity traded. The cyclical nature of these variables allows the use of circular statistical methods that can be used to analyze any kind of data that are cyclic in nature, like time-of-day data measured on a 24h-clock. This study applies this methodology in analyzing the maximum day-ahead market prices in the Iberian electricity market (MIBEL) between 2012 and 2014 enabling the analysis over the years and between seasons. Results show that circular statistics methods enable to bring important insights into the characterization of electricity market price behavior.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationFREITAS, Daniel; MARTINS, Ana; LAGARTO, João – Modeling of cyclic events in electricity markets using circular statistical methods. In 2016 13th International Conference on the European Energy Market (EEM). Porto, Portugal: IEEE, 2016. ISBN 978-1-5090-1298-5. Pp. 1-5pt_PT
dc.identifier.isbn978-1-5090-1298-5
dc.identifier.isbn978-1-5090-1299-2
dc.identifier.issn2165-4093
dc.identifier.issn2165-4077
dc.identifier.urihttp://hdl.handle.net/10400.21/9691
dc.language.isoengpt_PT
dc.publisherInstitute of Electrical and Electronics Engineerspt_PT
dc.relation.publisherversionhttps://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=7521322pt_PT
dc.subjectCircular statisticspt_PT
dc.subjectDay-ahead marketpt_PT
dc.subjectIberian electricity marketpt_PT
dc.subjectMarket pricept_PT
dc.titleModeling of cyclic events in electricity markets using circular statistical methodspt_PT
dc.typeconference object
dspace.entity.typePublication
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/5876/UID%2FCEC%2F50021%2F2013/PT
oaire.citation.conferencePlace6-9 June 2016 - Porto, Portugalpt_PT
oaire.citation.endPage5pt_PT
oaire.citation.startPage1pt_PT
oaire.citation.title2016 13th International Conference on the European Energy Market (EEM)pt_PT
oaire.fundingStream5876
person.familyNameMartins
person.familyNameLagarto
person.givenNameAna Alexandra
person.givenNameJoão
person.identifier.ciencia-id2016-88BF-5D0B
person.identifier.ciencia-id0512-2920-3C9E
person.identifier.orcid0000-0003-3733-6619
person.identifier.orcid0000-0002-7047-6210
person.identifier.scopus-author-id34969159800
person.identifier.scopus-author-id24758947600
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsclosedAccesspt_PT
rcaap.typeconferenceObjectpt_PT
relation.isAuthorOfPublication7174415b-4387-4cc9-97b0-6c2a3e0c88b4
relation.isAuthorOfPublication174bfcee-266b-483c-bc13-f187a886014d
relation.isAuthorOfPublication.latestForDiscovery7174415b-4387-4cc9-97b0-6c2a3e0c88b4
relation.isProjectOfPublication9964a800-3334-42d6-aab0-1f8870cbe7b1
relation.isProjectOfPublication.latestForDiscovery9964a800-3334-42d6-aab0-1f8870cbe7b1

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