This paper provides a method to forecast day-ahead electricity prices based on autoregressive integrated moving average (ARIMA) and generalized autoregressive conditional heteroskedastic (GARCH) models. In the competitive power market environment, electricity price forecasting is an essential...

English Abstract: In this paper, I review the supply and demand side of the electricity market in Iran. I review the potential bidding strategies that are in place in this market. I evaluate the optimality of bidding and introduce a new bidding strategy that could raise the profits of the firms....