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Future Bridge is excited to welcome you to the Power Price Forecasting Summit 2023 on the 5-6th of June in Milan, Italy

With the increase in energy supply volatility there emerges a greater need for better power price forecasting analysis.

Event Venue

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About Conference

We aim to provide powerful content for our attendees


Encouraged by the successful events series on Power Price Forecasting Future Bridge is excited to welcome
you to the 3rd edition in June 2023.

The 3rd Power Price Forecasting Summit is a hybrid event that will be physically held in Milan, Italy. The Conference
aims to bring together the senior decision-makers from the analytic departments of power generation and
energy trading companies, energy utilities, and electricity TSO/DSO for a 2-day business networking event. During
the event, attendees will be able to participate in a program that presents case studies and panel discussions on
topics related to the electricity industry, including day-ahead and intraday forecasting, price modeling, and
long-term price analysis. These discussions will provide an opportunity for attendees to engage in meaningful
exchanges and delve into the challenges faced by the industry.

Forecasting power prices is a highly complex process influenced by numerous external factors such as weather
forecasts, transmission conditions, government regulations, and market conditions. Over the past two years,
energy markets have witnessed unprecedented volatility due to the economic turmoil caused by COVID-19,
geopolitical tensions, and changes in demand caused by the shift to carbon-free energy. This volatility has led to
fluctuations and record prices in energy markets. The Clean Energy package 2030 will accelerate the shutdown of
thermal and nuclear baseload generation, further reducing supply.

As the energy supply becomes more volatile, there is a growing need for an improved ability to forecast changes
in supply and demand. In the Summer Edition of the Power Price Forecasting summit, we will cover various topics

such as the penetration of renewables, the role of gas in the current market, regulatory changes, technology-driv-
en modeling, sector coupling analysis, the effect of raw material shortages, pricing for environmental and RES

trading, and more.

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Who Should Attend?
VPs, Directors, Heads, Managers, Analysts of the following divisions: 

Program Highlights

Power Market Outlook

  • The outlook for price modeling in the coming year and the scope of work needed to improve the forecasting accuracy

  • Penetration of renewables

  • Future prognosis for conventional energy sources

  • The role of gas on the current market: regulatory changes and dealing with a possible shortage

  • Sector coupling: outlook, analysis and perspectives (Power, Gas, Heat, Hydrogen, etc.)

  • Methods for addressing regulatory changes

  • Plan towards energy efficiency for cutting back on gas use

  • Implications of the trend toward post-subsidy world for predicting power prices

  • Smart meters and their effect on price forecasting


 Long Term

  • Data-driven modeling for long-term electricity price forecasting

  • Long-term forecasting and the impact of the deterministic approach and price sensitivity

  • Incorporating statistical analysis into fundamental models for long-term forecasts

  • Long-term electricity forecasting using smart meter data

  • Incorporating jumps and cojumps into long-term forecasts

  • Embedding calendar information into a neural network in long-term modelling

  • Econometric modelling for long-term power price forecasting

 Short Term

  • Advanced techniques for day-ahead forecasting

  • Forecasting daily electricity prices with monthly macroeconomic variables

  • Day-ahead power volatility forecasting and modellingStatistical techniques for short-term forecasts

  • Stochastic models for short-term derivative price forecasting

  • The applications of AMI (Advanced Metering Infrastructure) data for short-term models

  • Identifying the factors and techniques involved in intraday price forecasting

  • Short-term electricity forecasting using smart meter data

  • Enhancing balancing market and intraday forecasts with sub-zonal modelling
    Predicting imbalance prices and probabilistic forecasting

Strategies For Forecasting

  • Technology-driven modelling

  • Digitalisation as a means to improve data reliability

  • Selecting the most efficient models utilising Machine Learning

  • Bidding Zone Review

  • Evaluating shared market models vs standalone market models

  • The impact of market coupling and market splitting on price forecasting

  • AI models in price forecasting

  • Improving forecast accuracy by combining univariate and multivariate frameworks

  • Microprediction in power price forecasting

  • Evaluating the effectiveness of hybrid approaches that incorporate artificial intelligence

  • Environmental and RES trading pricing
    Climate scenario strategies and integrated assessment models

  • Role of simulating scenarios in power price forecasting

Special thanks to our
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Join Us in Milan on the
5-6th of June

In-Depth Panel Discussions

6+ Hours of Networking Sessions

About Hotel

Hilton Garden Inn offers upscale accommodations, glowing service, and unexpected amenities designed to bring out the best in you. Our goal is to make your stay better and brighter. If something isn't just the way you like it, simply let any hotel team member know, and we'll make it right. Guaranteed. We’re steps from the Villa San Giovanni metro link to Milan city center, Duomo Square, and Grand Galleria Vittorio Emanuele – Italy’s oldest mall. We have event space for 850 guests, an all-day restaurant, and a 24-hour shop. Perks include free WiFi, underground parking, and fitness center access. Linate Airport is 12 km away.


Address: Via Lucio Giunio Columella, 36, 20128 Milano MI, Italy


Photos from previous event in 2022

It is great to be back to in-person events and meet conference participants coming from all over the world.

Take a glimpse of our previous event

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