Electricity price predictions have become a major discussion on competitive market under deregulated power system. But, the exclusive characteristics of electricity price such as non-linearity, non-stationary and time-varying volatility structure present several challenges for this task. In this paper, a new forecast strategy based on the iterative neural network is proposed for Day-ahead price...

Much electrical generation in the developed world is now conducted within deregulated energy markets, providing new layers of uncertainty for human controllers and new challenges for analysts wishing to understand and support cognitive work. In this paper we outline some of the challenges encountered when attempting to describe the work domain of hydroelectric power generation in a dynamic dere...

In this paper, a new approach to auction based dispatch algorithm in a deregulated power system using differential evolution technique is presented. In a deregulated power system, the production cost is replaced by seller’s bidden cost function including not only the production cost, but also the market strategy, which may become concave, whereas the conventional economic dispatch (ED) algorith...

In a competitive electricity market environment, power producers and consumers need, on one hand, accurate load and/or electricity consumption forecasting tools. These tools will ensure an a-priori knowledge on the amount of energy needed for production. On the other hand, forecasting electricity prices, may play a very important role for producers and consumers when planning bidding strategies...

The battle for electricity customers in an increasingly competitive and deregulated market environment is one of the challenges facing the electric power utilities of today. Customers expect a reliable and efficient supply of power from their utilities. One of the advantages that a distributed generator (DG) can provide to the electric utility and to customers is the possibility of improving th...

Overall price optimization strategy in the deregulated electricity market is one of the most important challenges for the participants, In this paper, we used Contingency Analysis Module of NEPLAN Software, a strategy of pricing to market participants is depicted.Each of power plants according to their size and share of the Contingency Analysis should be considered in the price of its hour. In ...