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Artificial Neural Networks for Spot Electricity Price Forecasting: A Review

Year 2015, Volume: 5 Issue: 4, 1092 - 1097, 01.12.2015

Vijayalakshmi S. Girish G.p.

Abstract

In this study we review literature related to short-term forecasting of spot electricity prices using Artificial Neural Networks in deregulated competitive power markets. With accurate price forecasts, power market participants can maximize their profits and meet their power commitments using a proper combination of power purchase agreements, bilateral trade and buying/selling electricity through power exchanges in a judicious, efficient and effective manner. Artificial Neural Network models may truly be an answer to short-term electricity spot price forecasting viz-a-viz time-series econometric models.

Keywords

Artificial Neural Networks Spot Electricity Short term Forecasting Power Exchange Review

Year 2015, Volume: 5 Issue: 4, 1092 - 1097, 01.12.2015

Vijayalakshmi S. Girish G.p.

Abstract

There are 0 citations in total.

Details

Other ID JA35UF75HT
Journal Section Research Article
Authors

Vijayalakshmi S. This is me

Girish G.p. This is me

Publication Date December 1, 2015
Published in Issue Year 2015 Volume: 5 Issue: 4

Cite

APA S., V., & G.p., G. (2015). Artificial Neural Networks for Spot Electricity Price Forecasting: A Review. International Journal of Energy Economics and Policy, 5(4), 1092-1097.
AMA S. V, G.p. G. Artificial Neural Networks for Spot Electricity Price Forecasting: A Review. IJEEP. December 2015;5(4):1092-1097.
Chicago S., Vijayalakshmi, and Girish G.p. “Artificial Neural Networks for Spot Electricity Price Forecasting: A Review”. International Journal of Energy Economics and Policy 5, no. 4 (December 2015): 1092-97.
EndNote S. V, G.p. G (December 1, 2015) Artificial Neural Networks for Spot Electricity Price Forecasting: A Review. International Journal of Energy Economics and Policy 5 4 1092–1097.
IEEE V. S. and G. G.p., “Artificial Neural Networks for Spot Electricity Price Forecasting: A Review”, IJEEP, vol. 5, no. 4, pp. 1092–1097, 2015.
ISNAD S., Vijayalakshmi - G.p., Girish. “Artificial Neural Networks for Spot Electricity Price Forecasting: A Review”. International Journal of Energy Economics and Policy 5/4 (December 2015), 1092-1097.
JAMA S. V, G.p. G. Artificial Neural Networks for Spot Electricity Price Forecasting: A Review. IJEEP. 2015;5:1092–1097.
MLA S., Vijayalakshmi and Girish G.p. “Artificial Neural Networks for Spot Electricity Price Forecasting: A Review”. International Journal of Energy Economics and Policy, vol. 5, no. 4, 2015, pp. 1092-7.
Vancouver S. V, G.p. G. Artificial Neural Networks for Spot Electricity Price Forecasting: A Review. IJEEP. 2015;5(4):1092-7.