The UK boasts a plethora of price comparison websites, each offering unique advantages and focused on different categories. These platforms range from comparing financial products, such as insurance and banking services, to travel services (flights, hotels or rental cars), electronic goods, and house...
This paper explores the relationship between domestic retail electricity prices in Great Britain and their determinants in the context of the New Electricity Trading Arrangements (NETA) introduced in 2001. We employ a consistent comparison of wholesale power price series before and after NETA, alongside...
Italy, Ireland, and Denmark had some of the highest household electricity prices worldwide, as of March 2024. At the time, Italian households were charged around 0.43 U.S. dollars per kilowatt-hour, while in Ireland, the price stood at 0.41 U.S. dollars per kilowatt-hour. By comparison,...
The residential electricity market in Great Britain has recently been opened to competition and is served by 14 regional incumbents, and up to 15 entrants in each area. This study finds that the incumbents' regulated prices are discriminatory between consumers using different payment methods, and tha...
When it comes to electricity and gas, consumers in many countries choose between a wide range of tariffs. In the UK there are hundreds of options from scores of suppliers, varying up to 30% in price. This is a difference ...
The proposed method, W-BARIMA-RBFN is implemented on the mainland electricity Spain market for four weeks in order to assess the capability and accuracy of the model. This method, without considering RBFN, is performed as well to show the impact of RBFN. Moreover, the comparison among the pr...
The energy price cap limits the amount that energy suppliers can charge per unit of electricity and gas. It’s not an overall cap on your bills, so if you use more energy you will pay more. The energy price cap is designed to keep pricing fair for both energy customers and suppliers. ...
As mentioned in “Proposed Strategy of day-ahead electricity price forecasting” section, firstly all input data are normalized between 0 and 1, VMI is employed to get input. To make a comparison based on forecasting indices, three months are considered. The forecasting result via forecasting ...
I find this comparison pretty useful. And the reasons behind the differences are quite diverse. But there are two issues with this. One, electricity prices are on the move in many places, South Africa, Australia and Nigeria come to mind. And secondly, basic exchange rate conversions aren’t...
In order to further validate the differences in prediction performance between the proposed model and the comparison model and to ensure that the accurate prediction results are stable, the statistical significance of the results needs to be established. We performed Diebold and Mariano (DM) tests [...