A Method for One-day-through Seven-day-ahead Electrical Load Forecasting with Automatic Sample Selection

One-Day-Ahead Load Forecasting using nonlinear Kalman filtering algorithms

In this paper, we consider the problem of 24-hour ahead short-term load forecasting; the formulation is based on the nonlinear Kalman filtering. Our formulation takes into account weather conditions as well as previous trends. Effects of weather as well as prior consumptions are nonlinear functions; hence our choice. We compare our proposed method with the standard Kalman filtering approach and...

One Day Ahead Load Forecasting Using Recurrent Neural Network

This paper presents short term load forecasting (STLF) in Java Island using recurrent neural network (RNN). The simple one of RNN is Elman, it has one hidden layer and suitable used in time series prediction. It can learn an input-output mapping which is nonlinear. The Elman RNN was proposed for one day a head forecasting, with interval time 30 minutes. Training model divided into weekday, week...

One Day Ahead Stream Flow Forecasting

Application of a New Hybrid Method for Day-Ahead Energy Price Forecasting in Iranian Electricity Market

Abstract- In a typical competitive electricity market, a large number of short-term and long-term contracts are set on basis of energy price by an Independent System Operator (ISO). Under such circumstances, accurate electricity price forecasting can play a significant role in improving the more reasonable bidding strategies adopted by the electricity market participants. So, they cannot only r...

Day-ahead Price Forecasting of Electricity Markets by a New Hybrid Forecast Method

Energy price forecast is the key information for generating companies to prepare their bids in the electricity markets. However, this forecasting problem is complex due to nonlinear, non-stationary, and time variant behavior of electricity price time series. Accordingly, in this paper a new strategy is proposed for electricity price forecast. The forecast strategy includes Wavelet Transform (WT...