Electricity Market Forecasting for Renewables Integration
- Title
-
Electricity Market Forecasting for Renewables Integration
- Start Date:
-
December 2020
- End Date
-
November 2022
- Project
-
Arnold F. Graves Postdoctoral Programme
- Research Partner
-
Dublin Energy Lab, TU Dublin, Ireland
- Funding Body
-
ESB, Ireland
- Coordinator
-
Prof Aidan Duffy, DEL, TU Dublin, Ireland
- Project Partner
-
ESB
- Principal Investigator
-
Prof Aidan Duffy, DEL, TU Dublin, Ireland
- PostDoctoral Researcher
-
Dr Gianni Goretti, DEL, TU Dublin, Ireland
- Research Area
-
Energy Markets & Renewable Generation
Information
This collaborative research project between the DEL and the ESB aims to develop fundamental, algorithmic, and statistical models, perform analysis and advise on strategies to help value and manage complex contracts and/or assets, as well as to conduct ad-hoc bespoke analysis for ESB stakeholders. It aims to innovate and improve how ESB Modelling and Market Analytics undertakes its analysis so as to keep up to date with the most recent advances in modelling and predictive analytics in electricity markets.
With the recent significant changes in the Irish Wholesale energy market, as well as ESB’s growth in GB, the collaboration with ESB’s Modelling and Market Analytics team offers a unique opportunity to significantly impact the company’s trajectory in the energy market.
