Fuzzy modeling for electricity market price forecasting

Research output: Contribution to conferencePaperpeer-review

11 Scopus citations

Abstract

In this paper, Market Clearing Price(MCP) short-term forecasting implementation using advanced fuzzy modeling technique is presented. The described approach uses the well-known Takagi-Sugeno-Kang(TSK) fuzzy model with scatter partition structure. A modified structure identification algorithm for TSK model is introduced in detail. Particularly, since the presented algorithm is computationally simple and partitively accurate, we can set the good initial parameters and build the MCP forecasting fuzzy models rapidly. The retrospective MCP real-world data was used for modeling and testing the TSK model. The results presented in this paper confirm considerable value of the fuzzy modeling based approach in forecasting the MCP.

Original languageEnglish
Pages2262-2266
Number of pages5
StatePublished - 2000
EventProceedings of the 3th World Congress on Intelligent Control and Automation - Hefei, China
Duration: 28 Jun 20002 Jul 2000

Conference

ConferenceProceedings of the 3th World Congress on Intelligent Control and Automation
Country/TerritoryChina
CityHefei
Period28/06/002/07/00

Keywords

  • Fuzzy modeling
  • Market Clearing Price
  • TSK models

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