Modelling Spot Prices on the Polish Energy Market

The aim of this paper is to present a model of the Polish Power Exchange (PPE) energy spot prices. The proposed model is a result of a comprehensive and focused on the Polish market’s characteristics analysis (different markets are weakly interconnected, all of them possess their unique properties). The exchange located in Warsaw is relatively young (14 years of spot prices history) with few liquid contracts traded, which made the goal more challenging.

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