Combining Predictive Distributions of Electricity Prices. Does Minimizing the CRPS Lead to Optimal Decisions in Day-Ahead Bidding?
Probabilistic price forecasting has recently gained attention in power trading because decisions based on such predictions can yield significantly higher profits than those made with point forecasts alone. At the same time, methods are being developed to combine predictive distributions, since no mo...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
Wrocław University of Science and Technology
2023-01-01
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Series: | Operations Research and Decisions |
Online Access: | https://ord.pwr.edu.pl/assets/papers_archive/ord2023vol33no3_7.pdf |