Stochastic factor model for electricity spot price - the case of the Nordic market

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Electricity price forecasting: A review of the state-of-the-art with a look into the future (2014, background): “Vahviläinen and Pyykkönen (2005) build an even more parameter-rich fundamental model for the Nordic market.”
On the market impact of wind energy forecasts (2010, background): “…et al., 2006; Conejo et al., 2005; Cuaresma et al., 2004), (ii) by accounting for the price’s response to demand, fuel prices or weather conditions (Vehviläinen and Pyykkönen, 2005; Ruibal and Mazumdar, 2008; Mandal et al., 2006; Nogales and Conejo, 2006), or (iii) by using regime-switching…”
Point and Interval Forecasting of Spot Electricity Prices: Linear vs. Non-Linear Time Series Models (2006, unknown): “Nielsen (2004) corrected the time series by regression on seasonal dummy variables, while Weron et al. (2004) utilized a sinusoidal function.”
Stochastic modeling of financial electricity contracts (2008, background): “[11], Cartea and Figueroa [12], Elliott, Sick and Stein [17], Kaaresen and Husby [32] and Vehviläinen and Pyykkönnen [56].”
Modeling and Forecasting Electricity Loads and Prices: A Statistical Approach (2006, background): “In a related study, Weron and Misiorek (2005) used various autoregression schemes for modeling and forecasting prices in California.”