Electricity price forecast based on stacked autoencoder in spot market environment

Artificial neural network method is a common method for short-term electricity price forecasting. However, when the amount of input and output data is large, the training speed will be slow, and it is easy to fall into local extreme values or even the result is difficult to converge. In view of this, the paper proposes a deep learning model based on stacked autoencoder (SAE) to predict electricity price. This paper analyzes the factors affecting electricity price, proposes an algorithm based on Stacked autoencoder model, and uses MATLAB tools to predict electricity price in PJM power market. The comparison between SAE algorithm and BP algorithm is carried out in the example. The results show that the prediction results based on SAE model are more accurate. The deep learning model has better ability to express the objective function than the shallow model, and can effectively solve the problem of traditional neural network training difficulties.