A neural network-based method for forecasting zonal locational marginal prices

2004 IEEE Power Engineering Society General Meeting

Volumn 1, Issue , 2004, Pages 296-302

  Ma, Yarning ^a   Luh, Peter B ^a   Kasiviswanathan, Krishnan ^a   Ni, Ernan ^a  

^a NONE

Author keywords

Decoupled extended Kalman filter; Locational Marginal Price forecasting; Power system; Sequential processing algorithm

Indexed keywords

ALGORITHMS; COMPUTATIONAL METHODS; DECISION MAKING; ELECTRIC POWER GENERATION; ELECTRIC POWER SYSTEMS; ELECTRIC POWER TRANSMISSION; ELECTRIC RATES; FORECASTING; KALMAN FILTERING; NEURAL NETWORKS;

DECOUPLED EXTENDED KALMAN FILTER (DEKF); LOCATIONAL MARGINAL PRICE (LMP) FORECASTING; SEQUENTIAL PROCESSING ALGORITHM; STANDARD MARKET DESIGN (SMD);

ELECTRIC UTILITIES;

EID: 13244283282     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: None     Document Type: Conference Paper

References (19)

1. ISO New England, "New England power pool market rule 1," Nov, 2002, Available: http://www.iso-ne.com/smd/market_rule_1_and_NEPOOL_manuals/ Market_Rule_1/MR_1/.
2. PJM Interconnection, L.L.C., "Operating agreement of PJM Interconnection, L.L.C.," Nov. 2003, available: http://www.pjm.com/ documents/agreements.html.
3. F. C. Schweppe, M. C. Caranmanis and R. D. Tabors, Spot Pricing of Electricity, Kluwer Academic Publishers, 1988.
4. W. W. Hogan, "Contract networks for electric power transmission," J. Regulatory Econ, vol. 4, pp. 211-242, 1992.
5. L. Chen, H. Suzuki, and T. Wachi, "Components of nodal prices for electric power systems," IEEE Trans. Power Syst., vol. 17, pp. 41-49, Feb. 2002.
6. D. W. Bunn, "Forecasting loads and prices in competitive power market," Proceedings of the IEEE, pp. 163-169, Feb. 2000.
7. F. Gao, X. Guan, X. Cao and A. Papalexopoulos, "Forecasting power market clearing price and quantity using a neural network method," 2000 PES Summer Meeting, vol. 4, pp. 2183-2188.
8. L. Zhang, P. B. Luh and K. Kasiviswanathan, "Energy clearing price prediction and confidence interval estimation with cascaded neural networks," IEEE Trans. Power Syst., vol. 18, pp. 99-105, Feb. 2003.
9. A. L. Ott, "Experience with PJM market operation, system design, and implementation," IEEE Trans. Power Syst., vol. 18, pp. 528-534, May 2003.
10. J. Guo and P. B. Luh, "Improving the prediction of radial basis function networks for power systems," 2007 IEEE, Power Engineering Society Winter Meeting, vol. 2, pp. 528-532.
11. E. Ni and P. B. Luh, "Forecasting power market clearing price and its discrete PDF using a Bayesian-based classification method," 2007 IEEE, Power Engineering Society Winter Meeting, vol. 3, pp. 1518-1523.
12. L. Zhang and P. B. Luh, "Confidence regions for cascaded neural network prediction in power markets," 2007 IEEE, Power Engineering Society Winter Meeting, pp. 533-538.
13. P. B. Luh and L. Zhang, "Power market clearing price prediction and confidence interval estimation with fast neural network learning," 2002 IEEE, Power Engineering Society Winter Meeting, pp. 431-436.
14. L. Zhang and P. B. Luh, "Neural network-based market clearing price prediction and confidence interval estimation with an improved extended kalman filter method," accepted by IEEE Trans. Power Syst.
15. G. Hamoud and L. Bradley, "Assessment of transmission congestion cost and locational marginal pricing in a competitive electricity market," 2007 IEEE, Power Engineering Society Summer Meeting, pp. 1468-1472.
16. J. Bastian, J. Zhu, V. Banunarayanan and R. Mukerji, "Forecasting energy prices in a competitive market," IEEE Computer Applications in Power, vol. 12, pp. 40-45, Jul. 1999.
17. Y. Hong and C. Hsiao, "Locational marginal price forecasting in deregulated electricity markets using artificial intelligence," Generation, Transmission and Distribution, IEE Proceedings, vol. 149 Issue 5, Sep 2002, pp. 621-626.
18. D. G. Luenberger, Investment Science, New York: Oxford University Press, 1997.
19. Y. Bar-Snalom and X. Li, Estimation with Applications to Tracking and Navigation, New York: John Wiley & Sons, Inc., 2001.