Envos Forcasting of Intraday Electricity Prices (EnoForcE)

Since July 2022, the research group collaborates with Enovos in the “EnoForcE” project on intraday electricity price forecasting. Enovos holds large amounts of data, such as Germany-wide PV and Wind forecasts, the EPEX intraday prices at each moment in time, and own asset production data. First, the project foresees building a consistent data set from these data sources to identify the explanatory variables and appropriate predictive models for continuous price forecasting. Second, based on the price model predictions, autonomous trading strategies should be developed to trade renewable energy on the day-ahead and intraday markets.