Multi-Step-Ahead Electricity Price Forecasting Based on Temporal Graph Convolutional Network

A Hybrid Multi-Step Model for Forecasting Day-Ahead Electricity Price Based on Optimization, Fuzzy Logic and Model Selection

The day-ahead electricity market is closely related to other commodity markets such as the fuel and emission markets and is increasingly playing a significant role in human life. Thus, in the electricity markets, accurate electricity price forecasting plays significant role for power producers and consumers. Although many studies developing and proposing highly accurate forecasting models exist...

A Hybrid Artificial Neural Network and VEPSO based on Day-ahead Price Forecasting of Electricity Markets

In this paper a new Hybrid technique of Artificial Neural Network (ANN) and Vector Evaluated Particle Swarm Optimization (VEPSO) is presented as a forecasting strategy for day-ahead price of electricity market. The proposed technique the proposed intelligent technique is applied to weights and bias of ANN to improve the learning capability through the minimum error. A comprehensive comparative ...

Forecasting day ahead electricity price using ARMA methods

Wavelets in Multi-step-ahead Forecasting

This paper investigates the possibility of obtaining long-into-the-future reliable forecasts of observed nonlinear cyclical phenomena. Unsmoothed monthly sunspot numbers that are characteristically cyclical with nonlinear dynamics as well as their wavelet-transformed and wavelet-denoised series are forecasted through October 2008. The objective is to determine whether modelling wavelet-conversi...

Day-Ahead Electricity Price Forecasting Using a Hybrid Principal Component Analysis Network

Bidding competition is one of the main transaction approaches in a deregulated electricity market. Locational marginal prices (LMPs) resulting from bidding competition and system operation conditions indicate electricity values at a node or in an area. The LMP reveals important information for market participants in developing their bidding strategies. Moreover, LMP is also a vital indicator fo...