Electricity Spot Price Data

Electricity price forecasting (EPF) is a branch of energy forecasting which focuses on predicting the spot and forward prices in wholesale electricity markets. Over the last 15 years electricity price forecasts have become a fundamental input to energy companies’ decision-making mechanisms at the corporate level.

This dataset is a sample of day ahead spotprices in Denmark(DK) and neighboring countries. Prices in DKK are not updated during weekends and on public holidays. Prices in DKK will be updated at the first coming work day.

In Nord Pool Spot market players can buy and sell electricity for delivery the following day in their own area - Norway, Sweden, Finland, Denmark or Germany. The day-ahead prices indicate the balance between supply and demand. Nord Pool

Features :

• Hour UTC: A date and time (interval), shown in UTC time zone, where the values are valid. 00:00 o’clock is the first hour of a given day interval 00:00 - 00:59 and 01:00 covers the second hour (interval) of the day and so forth. Please note: The naming is based on the length of the interval of the finest grain of the resolution.

• Hour DK: A date and time (interval), shown in Danish time zone, where the values are valid. 00:00 o’clock is the first hour of a given day, interval 00:00 - 00:59, and 01:00 covers the second hour period (interval) of the day and so forth.

• Price area: Same as bidding zone. Denmark is divided in two price areas, or bidding zones, divided by the Great Belt. DK1 is west of the Great Belt and DK2 is east of the Great Belt.

• Spot price (DKK): Day ahead Spot Price in the price area(The day-ahead prices indicate the balance between supply and demand.)[Unit: DKK per MWh]

• Spot price (EUR): Day ahead Spot Price in the price area(The day-ahead prices indicate the balance between supply and demand.) [Unit: EUR per MWh]

more: tso-electricity

Inspiration:

• Time-series analysis
• Univariate single and multistep electricity spot price forecasting