Demo case: Regulating Power Market: Modelling and Forecasting

The demo case has formulated stochastic models for the regulating power market in the Nordic area, however with a special focus on the prices in DK1 and DK2.

Ultimately the purpose was to obtain better methodologies for predicting the probabilities for up-or down-regulation, and the related prices and/or volume. Such forecasts have also been used in some other demo projects in CITIES. 

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