Estimation of Electricity Prices in the Mexican Market

This paper presents an alpha stable regression model to estimate prices in the Mexican Electric Market. This market began operations in February 2016. The observed prices show great fluctuations in the observed data due to diverse aspects, a seasonality of the demand, the availability of fuel and th...

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Main Authors: Rodriguez-Aguilar, R., Marmolejo Saucedo, J.A., Vasant, P.
Format: Article
Institution: Universiti Teknologi Petronas
Record Id / ISBN-0: utp-eprints.24775 /
Published: Springer 2020
Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85075648852&doi=10.1007%2f978-3-030-33585-4_2&partnerID=40&md5=a3dd5bb48210998c57f592f1548f4b8e
http://eprints.utp.edu.my/24775/
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spelling utp-eprints.247752021-08-27T06:15:01Z Estimation of Electricity Prices in the Mexican Market Rodriguez-Aguilar, R. Marmolejo Saucedo, J.A. Vasant, P. This paper presents an alpha stable regression model to estimate prices in the Mexican Electric Market. This market began operations in February 2016. The observed prices show great fluctuations in the observed data due to diverse aspects, a seasonality of the demand, the availability of fuel and the problems of congestion in the electrical network. It is relevant in a market context to have a price estimation as accurate as possible for the decision making of supply and demand. This paper proposes a methodology of the price estimation through the application of stable alpha regressions, since the behavior of the electric market has shown the presence of heavy tails in its price distribution. © 2020, Springer Nature Switzerland AG. Springer 2020 Article NonPeerReviewed https://www.scopus.com/inward/record.uri?eid=2-s2.0-85075648852&doi=10.1007%2f978-3-030-33585-4_2&partnerID=40&md5=a3dd5bb48210998c57f592f1548f4b8e Rodriguez-Aguilar, R. and Marmolejo Saucedo, J.A. and Vasant, P. (2020) Estimation of Electricity Prices in the Mexican Market. Advances in Intelligent Systems and Computing, 1072 . pp. 11-17. http://eprints.utp.edu.my/24775/
institution Universiti Teknologi Petronas
collection UTP Institutional Repository
description This paper presents an alpha stable regression model to estimate prices in the Mexican Electric Market. This market began operations in February 2016. The observed prices show great fluctuations in the observed data due to diverse aspects, a seasonality of the demand, the availability of fuel and the problems of congestion in the electrical network. It is relevant in a market context to have a price estimation as accurate as possible for the decision making of supply and demand. This paper proposes a methodology of the price estimation through the application of stable alpha regressions, since the behavior of the electric market has shown the presence of heavy tails in its price distribution. © 2020, Springer Nature Switzerland AG.
format Article
author Rodriguez-Aguilar, R.
Marmolejo Saucedo, J.A.
Vasant, P.
spellingShingle Rodriguez-Aguilar, R.
Marmolejo Saucedo, J.A.
Vasant, P.
Estimation of Electricity Prices in the Mexican Market
author_sort Rodriguez-Aguilar, R.
title Estimation of Electricity Prices in the Mexican Market
title_short Estimation of Electricity Prices in the Mexican Market
title_full Estimation of Electricity Prices in the Mexican Market
title_fullStr Estimation of Electricity Prices in the Mexican Market
title_full_unstemmed Estimation of Electricity Prices in the Mexican Market
title_sort estimation of electricity prices in the mexican market
publisher Springer
publishDate 2020
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-85075648852&doi=10.1007%2f978-3-030-33585-4_2&partnerID=40&md5=a3dd5bb48210998c57f592f1548f4b8e
http://eprints.utp.edu.my/24775/
_version_ 1741196866598469632
score 11.62408

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