Successful companies are increasingly those companies that excel in the task of extracting knowledge from data. Tapping the source of Big Data requires powerful algorithms combined with a strong understanding of the data used. One of the key challenges in predictive analytics is the...

The European Power Exchange (EPEX) introduced two new products in 2011 and 2014 which reduce the delivery duration of electricity from 1 hour to 15-min intervals. These changes to the market design aim to better reflect the intermittent power generation from renewable energy sources. However,...