price fall
Recurrent Neural Networks for Electricity Price Prediction
Demand flexibility can be described as the capacity for end users of electricity (think both business and homes) to change their electricity consumption patterns in response to market signals, such as time variable electricity prices. Electricity prices follow daily, weekly and seasonal patterns. Above we can see the daily pattern. In the morning, everyone wakes up, turns all their devices on and prices rise. As the population goes off to work, demand and prices fall (and solar generation comes online).