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Capstone Projects

Weather Predictors of Real-Time Electricity Pricing

Program: Data Science Master's
Host Company: Commonwealth Edison of Illinois
Location: Illinois (onsite)
Student: Jeffrey Greve

This case study looked at the effect of weather on electricity real-time pricing with a focus on the weather outliers, especially cold weather. Adjusting supply or demand requires identifying the weather coefficients, significance, and inter-relationships. Weather features provide insight into the electricity price models so the suppliers and the users can adjust based on the predicted weather.