Electricity price and demand forecasting under smart grid environment

  title={Electricity price and demand forecasting under smart grid environment},
  author={Dina Masri and Hatem H. Zeineldin and Wei Lee Woon},
  journal={2015 IEEE 15th International Conference on Environment and Electrical Engineering (EEEIC)},
In this paper, the development of electricity price and demand forecasting, with the emergence of demand response programs, is investigated. Short Term Load/Price Forecasting (STL/PF) is performed for an electricity market that offers Demand Response (DR) Programs. The change in the forecasting errors, of both electricity price and demand, over years of inactive and active DR is monitored. Commonly used prediction methods, namely; Least Squares-Support Vector Machines (LS-SVM), and Random… CONTINUE READING
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