Analysing the economic benefit of electricity price forecast in industrial load scheduling

@inproceedings{Mathaba2014AnalysingTE,
  title={Analysing the economic benefit of electricity price forecast in industrial load scheduling},
  author={Tebello Mathaba and Xiaohua Xia and Jiangfeng Jeff Zhang},
  year={2014}
}
The current trend of electricity market deregulation ushers in increasingly dynamic electricity pricing schemes. The cost-optimal scheduling of industrial loads with accurate price forecasts is therefore important. However, results in the current literature suggest that mean absolute percentage error (MAPE) is poor at indicating the economic benefit of a forecast. This paper presents the economic benefit analysis of electricity price forecast on the day-ahead scheduling of load-shifting… CONTINUE READING
BETA

Citations

Publications citing this paper.
SHOWING 1-10 OF 12 CITATIONS

A Review on Short-Term Electricity Price Forecasting Techniques for Energy Markets

  • 2018 15th International Conference on Control, Automation, Robotics and Vision (ICARCV)
  • 2018
VIEW 1 EXCERPT
CITES BACKGROUND

Optimal Sink-Node Placement and Routing for an Energy Efficient Two-Tier Wireless Sensor Network

  • 2018 International Conference on Advances in Big Data, Computing and Data Communication Systems (icABCD)
  • 2018
VIEW 1 EXCERPT
CITES BACKGROUND

Short-Term Electricity Price Forecasting With Stacked Denoising Autoencoders

  • IEEE Transactions on Power Systems
  • 2017
VIEW 1 EXCERPT
CITES BACKGROUND

References

Publications referenced by this paper.
SHOWING 1-10 OF 30 REFERENCES

The Research Methods Knowledge Base

VIEW 4 EXCERPTS
HIGHLY INFLUENTIAL

A neural network approach to day - ahead deregulated electricity market prices classification , Electr

N. Kumarappan Anbazhagan
  • Power Syst . Res .
  • 2012

Similar Papers