By Topic

Next day price forecasting for electricity market

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$33 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

4 Author(s)
Phatchakorn Areekul ; Rajamangala University of Technology Srivijaya, Trang 92150, Thailand ; Tomonobu Senjyu ; Hirofumi Toyama ; Atsushi Yona

This paper proposes new approach to reduce the prediction error at occurrence time of the peak price, and aims to enhance the accuracy of the next day price forecasting. In the proposed method, the weekly variation data is used for input factors of the ANN at occurrence time of the peak price in order to catch the price variation. Moreover, learning data for the ANN is selected by rough sets theory at occurrence time of the peak price. From the simulation results, it is observed that the proposed method provides a more accurate and effective forecasting, which helpful for suitable bidding strategy and risk management tool for market participants in a deregulated electricity market.

Published in:

Advanced Power System Automation and Protection (APAP), 2011 International Conference on  (Volume:2 )

Date of Conference:

16-20 Oct. 2011