Problem solving -- 2
Budget: $15 – $25 USD
Hi My friends
I have a exam task about prediction ( financial)
I need your help
Consider the following scenario: In Great Britain, the electricity system operator publishes a wind generation forecast of 14 GW for 7 PM on the next day. On the morning of the next day, the electricity system operator revised its wind generation forecast for 7 PM down from 14 GW to 11 GW. Do you expect the wholesale electricity market price for 7 PM to increase or decrease at this time? Explain your answer.
I have a exam task about prediction ( financial)
I need your help
Consider the following scenario: In Great Britain, the electricity system operator publishes a wind generation forecast of 14 GW for 7 PM on the next day. On the morning of the next day, the electricity system operator revised its wind generation forecast for 7 PM down from 14 GW to 11 GW. Do you expect the wholesale electricity market price for 7 PM to increase or decrease at this time? Explain your answer.