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 chapter, we review different energy sources that are used and implemented in Iran’s electricity market. Specifically, we focus on the renewable energy sources that are in place in the country, e.g. hydropower, wind, and solar. We review the technology and the...