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Mathematical Modeling for Software-in-the-Loop Prototyping of Automated Manufacturing Systems Read chapter Read first chapter

2014 | OriginalPaper | Chapter

Analysis of Electricity Market Prices Using Multidimensional Scaling

Authors : Filipe Azevedo, J. Tenreiro Machado

Published in: Mathematical Methods in Engineering

Publisher: Springer Netherlands

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Abstract

This paper studies the impact of the energy upon electricity markets using Multidimensional Scaling (MDS). Data from major energy and electricity markets is considered. Several maps produced by MDS are presented and discussed revealing that this method is useful for understanding the correlation between them. Furthermore, the results help electricity markets agents hedging against Market Clearing Price (MCP) volatility.

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Metadata
Title
Analysis of Electricity Market Prices Using Multidimensional Scaling
Authors
Filipe Azevedo
J. Tenreiro Machado
Copyright Year
2014
Publisher
Springer Netherlands
Book
Mathematical Methods in Engineering

Print ISBN: 978-94-007-7182-6

Electronic ISBN: 978-94-007-7183-3

Copyright Year: 2014

DOI
https://doi.org/10.1007/978-94-007-7183-3_28