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Electricity market price forecasting in a price-responsive smart grid environment

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3 Author(s)
Motamedi, A. ; Dept. of Electr. & Comput. Eng., Univ. of Calgary, Calgary, AB, Canada ; Zareipour, H. ; Rosehart, W.D.

In this paper, issues related to price forecasting in a smart grid environment are discussed. In such an environment, demand-side resources are enabled to play a bigger role in the operation of electricity markets, compared to the limited demand-side market participation in most of the existing markets. The response of the demand-side to price forecasts could impact the formation of price patterns, thus calling for further research.

Published in:

Power and Energy Society General Meeting, 2010 IEEE

Date of Conference:

25-29 July 2010