About
Why the project exists, what it aims to do, and how to get in touch.
Project Background
EU Power Prices began as a personal forecasting experiment with a simple question:
How accurately can German day-ahead power prices be forecast using publicly available weather forecasts and market data?
The initial work focused on combining ECMWF weather forecasts, ENTSO-E market data, and machine learning techniques to forecast German electricity prices. Over time, the forecasting models improved, additional market fundamentals were added, and the project gradually expanded beyond Germany to cover multiple European bidding zones.
The scope has since expanded to include multiple European bidding zones, market fundamentals, and forecast evaluation.
Project Goals
- Explore the practical limits of electricity price forecasting using machine learning
- Understand how weather forecasts and market fundamentals influence power prices
- Evaluate forecast performance transparently using historical outcomes
- Make European power market data easier to understand and analyze
Independent Development
EU Power Prices is independently developed and currently non-commercial. Its purpose is to explore electricity-market forecasting, share the results openly, and make European power-market data easier to analyze.
There is no fixed development roadmap or release schedule. New markets, features, and model improvements are added incrementally as time permits.
Data and Forecasts
The forecasts and analytics presented on this site are provided for informational and educational purposes only.
Considerable effort is made to produce useful and accurate forecasts, but electricity prices are inherently uncertain and actual outcomes can differ materially from model predictions. The forecasting approach, model inputs, limitations, and data sources are described on the Methodology page.
Contact
Questions, feedback, bug reports, and suggestions are always welcome.