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Hybrid Wavelet-PSO-ANFIS Approach for Short-Term Electricity Prices Forecasting

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3 Author(s)
Catalao, J.P.S. ; Univ. of Beira Interior, Covilha, Portugal ; Pousinho, H.M.I. ; Mendes, V.M.F.

A novel hybrid approach, combining wavelet transform, particle swarm optimization, and adaptive-network-based fuzzy inference system, is proposed in this paper for short-term electricity prices forecasting in a competitive market. Results from a case study based on the electricity market of mainland Spain are presented. A thorough comparison is carried out, taking into account the results of previous publications. Finally, conclusions are duly drawn.

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Power Systems, IEEE Transactions on  (Volume:26 ,  Issue: 1 )