Title :
Hybrid Wavelet-PSO-ANFIS Approach for Short-Term Electricity Prices Forecasting
Author :
Catalão, J. P S ; Pousinho, H.M.I. ; Mendes, V.M.F.
Author_Institution :
Univ. of Beira Interior, Covilha, Portugal
Abstract :
A novel hybrid approach, combining wavelet transform, particle swarm optimization, and adaptive-network-based fuzzy inference system, is proposed in this paper for short-term electricity prices forecasting in a competitive market. Results from a case study based on the electricity market of mainland Spain are presented. A thorough comparison is carried out, taking into account the results of previous publications. Finally, conclusions are duly drawn.
Keywords :
fuzzy reasoning; load forecasting; particle swarm optimisation; power markets; wavelet transforms; Spain; electricity market; fuzzy inference system; hybrid wavelet PSO-ANFIS approach; particle swarm optimization; short term electricity price forecasting; wavelet transform; Electricity market; fuzzy logic; neural networks; price forecasting; swarm optimization; wavelet transform;
Journal_Title :
Power Systems, IEEE Transactions on
DOI :
10.1109/TPWRS.2010.2049385
