Artificial Intelligence in Electricity Market Operations and Management

Zhao Yang Dong; Tapan Kumar Saha; Kit Po Wong

doi:10.4018/978-1-59904-941-0.ch105

Artificial Intelligence in Electricity Market Operations and Management

Zhao Yang Dong
, Tapan Kumar Saha
, Kit Po Wong

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 12 - Chapter in an edited book (Author) › peer-review

Abstract

This chapter introduces advanced techniques such as artificial neural networks, wavelet decomposition, support vector machines, and data-mining techniques in electricity market demand and price forecasts. It argues that various techniques can offer different advantages in providing satisfactory demand and price signal forecast results for a deregulated electricity market, depending on the specific needs in forecasting. Furthermore, the authors hope that an understanding of these techniques and their application will help the reader to form a comprehensive view of electricity market data analysis needs, not only for the traditional time-series based forecast, but also the new correlation-based, price spike analysis. © 2008 by IGI Global. All rights reserved.

Original language	English
Title of host publication	Intelligent Information Technologies: Concepts, Methodologies, Tools, and Applications: Volume I-IV
Publisher	IGI Global Publishing
Pages	1821-1840
Volume	1-4
ISBN (Print)	9781599049427, 1599049414, 9781599049410
DOIs	https://doi.org/10.4018/978-1-59904-941-0.ch105
Publication status	Published - 1 Jan 2007
Externally published	Yes

Bibliographical note

Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].

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title = "Artificial Intelligence in Electricity Market Operations and Management",

abstract = "This chapter introduces advanced techniques such as artificial neural networks, wavelet decomposition, support vector machines, and data-mining techniques in electricity market demand and price forecasts. It argues that various techniques can offer different advantages in providing satisfactory demand and price signal forecast results for a deregulated electricity market, depending on the specific needs in forecasting. Furthermore, the authors hope that an understanding of these techniques and their application will help the reader to form a comprehensive view of electricity market data analysis needs, not only for the traditional time-series based forecast, but also the new correlation-based, price spike analysis. {\textcopyright} 2008 by IGI Global. All rights reserved.",

author = "Dong, \{Zhao Yang\} and Saha, \{Tapan Kumar\} and Wong, \{Kit Po\}",

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Artificial Intelligence in Electricity Market Operations and Management. / Dong, Zhao Yang; Saha, Tapan Kumar; Wong, Kit Po.
Intelligent Information Technologies: Concepts, Methodologies, Tools, and Applications: Volume I-IV. Vol. 1-4 IGI Global Publishing, 2007. p. 1821-1840.

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 12 - Chapter in an edited book (Author) › peer-review

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AB - This chapter introduces advanced techniques such as artificial neural networks, wavelet decomposition, support vector machines, and data-mining techniques in electricity market demand and price forecasts. It argues that various techniques can offer different advantages in providing satisfactory demand and price signal forecast results for a deregulated electricity market, depending on the specific needs in forecasting. Furthermore, the authors hope that an understanding of these techniques and their application will help the reader to form a comprehensive view of electricity market data analysis needs, not only for the traditional time-series based forecast, but also the new correlation-based, price spike analysis. © 2008 by IGI Global. All rights reserved.

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BT - Intelligent Information Technologies: Concepts, Methodologies, Tools, and Applications: Volume I-IV

PB - IGI Global Publishing

ER -

Artificial Intelligence in Electricity Market Operations and Management

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