Electric Power Systems

4

Short-Term Electricity Price Forecasting

Nima Amjady

4.1    Introduction

4.2    Overview of Electricity Price Forecast Methods

Classification of Price Forecast Methods • Structure and Components of Artificial Intelligence-Based Price Forecast Methods

4.3    Input Data Preparation for Electricity Price Forecast

Formation of Candidate Input Set • Single-Stage Feature Selection Techniques • Two-Stage Feature Selection Techniques

4.4    Electricity Price Forecast Engines

Nonhybrid Price Forecast Engines • Hybrid Price Forecast Engines

4.5    Fine-Tuning of the Adjustable Parameters

Cross-Validation Techniques • Search Procedures

4.6    Price Spike Forecast

What is a Price Spike? • Prediction of Price Spike Occurrence • Prediction of Price Spike ...