Electricity Market Price Forecasting Based on Weighted Nearest Neighbors Techniques

Electricity Market Price Forecasting: Neural Networks versus Weighted-Distance k Nearest Neighbours

Electricity Price Forecasting in Ontario Electricity Market Using Wavelet Transform in Artificial Neural Network Based Model

Electricity price forecasting has become an integral part of power system operation and control. In this paper, a wavelet transform (WT) based neural network (NN) model to forecast price profile in a deregulated electricity market has been presented. The historical price data has been decomposed into wavelet domain constitutive sub series using WT and then combined with the other time domain va...

Forecasting the Price of Energy in Spain’s Electricity Production Market

In this job, short-term forecasts are calculated for the Energy Price in the Electricity Production Market of Spain. The methodology used to achieve these forecasts is based on Artificial Neural Networks, which have been used succesfully in recent years in many forecasting applications. To gauge the quality of forecasts, they have been compared with those obtained with the Box-Jenkins ARIMA mod...

Comparative Analysis of Short-Term Price Forecasting Models: Iran Electricity Market

As the electricity industry has changed and became more competitive, the electricity price forecasting has become more important. Investors need to estimate future prices in order to take proper strategy to maintain their market share and to maximize their profits. In the economic paradigm, this goal is pursued using econometric models. The validity of these models is judged by their forecastin...

Application of a New Hybrid Method for Day-Ahead Energy Price Forecasting in Iranian Electricity Market

Abstract- In a typical competitive electricity market, a large number of short-term and long-term contracts are set on basis of energy price by an Independent System Operator (ISO). Under such circumstances, accurate electricity price forecasting can play a significant role in improving the more reasonable bidding strategies adopted by the electricity market participants. So, they cannot only r...