7- https://doi.org/10.1109/ieecon.2018.8712254
Short-Term Price Forecasting by Using ANN Algorithms
- Mar 1, 2018
- Kishan Bhushan Sahay +1 more
Abstract
With deregulation much attention is given to electricity price forecasting. Some of the factors which affect forecast are day of the week, weather, season, hour of the day, year, and special days. In general, the main factor which drives the electricity price is power demand. Here, ANN algorithms i.e. Bayesian Regularization, Levenberg Marquardt back propagation & Scaled Conjugate Gradient algorithms has been applied in short-term price forecasting that is, the one hour-ahead forecast of the electricity price using MATLAB R14a. The simulation results have shown accurate one hour ahead forecasts.
- # Short-Term Price Forecasting
- # ANN Algorithms
- # Scaled Conjugate Gradient Algorithms
- # Levenberg Marquardt Back Propagation
- # Hour-ahead Forecast
- # Electricity Price
- # Special Days
- # Bayesian Regularization
- # Price Forecasting
- # Power Demand
