Stochastic Modeling of Electricity and Related Markets (Advanced Series on Statistical Science and Applied Probability, Book 11) by Fred Espen Benth, Jurate Saltyte Benth and Steen Koekebakker
English | 2008 | ISBN: 981281230X | ISBN-13: 9789812812308 | 352 pages | PDF | 2 MB
The markets for electricity, gas and temperature have distinctive features, which provide the focus for countless studies. For instance, electricity and gas prices may soar several magnitudes above their normal levels within a short time due to imbalances in supply and demand, yielding what is known as spikes in the spot prices.