Forecasting different dimensions of liquidity in the intraday electricity markets: A review

Energy consumption increases daily across the world. Electricity is the best means that humankind has found for transmitting energy. This can be said regardless of its origin. Energy transmission is crucial for ensuring the efficient and reliable distribution of electricity from power generation sources to end-users. It forms the backbone of modern societies, supporting various sectors such as residential, commercial, and industrial activities. Energy transmission is a fundamental enabler of well-functioning and competitive electricity markets, supporting reliable supply, market integration, price stability, and the integration of renewable energy sources. Electric energy sourced from various regions worldwide is routinely traded within these electricity markets on a daily basis. This paper presents a review of forecasting techniques for intraday electricity markets prices, volumes, and price volatility. Electricity markets operate in a sequential manner, encompassing distinct components such as the day-ahead, intraday, and balancing markets. The intraday market is closely linked to the timely delivery of electricity, as it facilitates the trading and adjustment of electricity supply and demand on the same day of delivery to ensure a balanced and reliable power grid. Accurate forecasts are essential for traders to maximize profits within intraday markets, making forecasting a critical concern in electricity market management. In this review, statistical and econometric approaches, involving various machine learning and ensemble/hybrid techniques, are presented. Overall, the literature highlights the superiority of machine learning and ensemble/hybrid models over statistical models

A review on state-of-the-art reviews in wind-turbine- and wind-farm-related topics

For decades of wind energy technology developments, much research on the subject has been carried out, and this has given rise to many works encompassing different topics related to it. As a logical consequence of such a research and editorial activity, state-of-the-art review works have also been published, reporting about a wide variety of research proposals. Review works are particularly interesting documents for researchers because they try to gather different research works on the same topic present their achievements to researchers. They act, in a way, as a guidance for researchers to quickly access the most meaningful works. The proposal of this paper consists of going one step further, and to present a review of state-of-the-art review works on wind-energy-related issues. A classification into several main topics in the field of energy research has been done, and review works that can be classified in all these areas have been searched, analyzed, and commented on throughout the paper