CORDIS Project
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The AaDAMS project analyzes electricity market dynamics to understand price spikes and abnormal fluctuations. It focuses on modeling and forecasting techniques that consider generator behavior and the impact of renewable energy sources on market prices.
The on-going restructuring and market design processes for the power sector, with its complex objectivesof competition, security and decarbonisation has created a need to understand the drivers of change andthe nature of electricity price dynamics.
Since electricity is a unique commodity, not easily storablewith important implications when balancing supply and demand, any imbalances can cause largeand sharp changes in price.
Hence, AaDAMS, a project on “Auction and Day—Ahead Markets Spikes”,inve…
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