The driving factors of electricity forecasting
The process of electricity production has happened in the exact situation of great demand over it and then the electricity cannot be stored easily like gas. On the spot market, there is an immediate impact that was happened with the price of the electricity and in all of the factors there will be a factor of demand, and supply will be happen. By the process of supply and demand, the electricity prices have been set and made in addition to the production cost. In some of the cases, the fundamental drivers have been taken into account. For the Electricity Plans those driving factors make consideration of engaging with power production and supply management. In most of the cases, the short term prices are mostly impacted by the weather. For the seasonal price spikes, the proper condemnation of the weather might be set with the exchanged process of cooling and as …
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