Forecasting loads and prices in competitive power markets
- 1 February 2000
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in Proceedings of the IEEE
- Vol. 88 (2), 163-169
- https://doi.org/10.1109/5.823996
Abstract
This paper provides a review of some of the main methodological issues and techniques which have become innovative in addressing the problem of forecasting daily loads and prices in the new competitive power markets. Particular emphasis is placed upon computationally intensive methods, including variable segmentation, multiple modeling, combinations, and neural networks for forecasting the demand side, and strategic simulation using artificial agents for the supply side.Keywords
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