This report is the result of a special course taken by the author at IMM DTU under the
guidance of professor Henrik Madsen. The aim of the project is to analyze the influence
wind energy has on the electricity spot price in Western Denmark and investigate how
information about wind power production can be used to model the electricity spot price.
Various model types were tried, giving very different performance. Here, only the models
that performed best are discussed in order to keep focus on the projects goal.
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