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This paper presents a mid-term electricity market clearing price forecasting technique utilizing neural network approach. Forecasting of mid-term market clearing price is essential for decision making, scheduling and bidding strategy planning purposes. However, forecasting mid-term electricity market clearing price is a very complex non-linear problem. Neural network based approaches can be effective...
Ancillary services (AS) are essential for secure, stable and economical operation of the power system. Moreover, AS plays a vital role in free and fair trade of electricity in emerging competitive power market. Hence, the AS procurement is a major operational function for the independent system operator (ISO) in the electricity market. Spinning reserve (SR) is one of the most important AS required...
With the development of our countrypsilas electricity market, power system load forecasting, especially short-term load forecasting (STLF), has been get more and more important function in the reliable, security, and economical operation of power system. The paper has introduced the principle of artificial neural networks and how we can use it to forecast electric power load. In this paper, a three-layer...
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