Day-ahead Electricity Price forecasting using Wavelets and Weighted Nearest Neighborhood

被引:0
作者
Bhanu, C. V. K. [1 ]
Sudheer, G. [2 ]
Radhakrishna, C. [3 ]
Phanikanth, V. [1 ]
机构
[1] GVP Coll Engn, Dept Elect & Elect Engn, Visakhapatnam, Andhra Pradesh, India
[2] GVP Coll Engn Women, Dept Math, Visakhapatnam, Andhra Pradesh, India
[3] Global Energy Consulting Engn Ltd, Hyderabad, Andhra Pradesh, India
来源
2008 JOINT INTERNATIONAL CONFERENCE ON POWER SYSTEM TECHNOLOGY (POWERCON) AND IEEE POWER INDIA CONFERENCE, VOLS 1 AND 2 | 2008年
关键词
Day-ahead electricity prices; forecasting; wavelets; weighted nearest neighborhood;
D O I
暂无
中图分类号
TP39 [计算机的应用];
学科分类号
081203 ; 0835 ;
摘要
Price forecasting has been at the center of intense studies since the introduction of competition in Electricity industry. Price forecasts are a fundamental input to an energy company's decision making and strategy development. The present approach is an attempt to forecast day-ahead electricity prices using time series of historical data. A combination of Weighted nearest neighborhood and wavelets is used to forecast the next day electricity prices. The methodology is applied to historical data pertaining to California Electricity Market. The performance of the method is discussed with Mean Absolute Percentage Error (MAPE).
引用
收藏
页码:422 / +
页数:3
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