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23rd European Symposium on Computer Aided Process Engineering by Ilkka Turunen, Andrzej Kraslawski

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A methodology to forecast the price of electric energy

Davide Manca,    PSE-Lab, Process Systems Engineering Laboratory Dipartimento di Chimica, Materiali e Ingegneria Chimica "Giulio Natta" Politecnico di Milano Piazza Leonardo da Vinci 32, 20133 Milano, Italy

Abstract

The Electric Energy (EE) price plays a significant role in the economic assessment of chemical and more in general of industrial processes. As far as both short-term and long-term economic predictions are required (such as in planning, scheduling, supply chain, on-line optimization, and conceptual design) the estimation of future prices of EE calls for a mathematical model capable of forecasting the price values according to the intrinsic features of the electric market. The ...

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