DocumentCode
2192564
Title
Energy constrained generation dispatch based on price forecasts including expected values and risk
Author
Sansom, Damien C. ; Saha, Tapan K.
Author_Institution
Sch. of Inf. Technol. & Electr. Eng., Queensland Univ., Qld., Australia
fYear
2004
fDate
6-10 June 2004
Firstpage
261
Abstract
A number of price forecasting methods are used to forecast wholesale (spot) electricity prices. The forecasts are evaluated for both accuracy and variation in accuracy (risk). These forecasts are used to balance revenue against forecasting error risk in dispatching constrained generation. The best dispatch method found was based on the half-hours with the maximum demand.
Keywords
power generation dispatch; power generation economics; pricing; risk analysis; constrained generation dispatch; error risk forecasting; price forecasting method; wholesale electricity price; Delay effects; Dispatching; Economic forecasting; Electricity supply industry; Frequency; Load forecasting; Neural networks; Predictive models; Support vector machines; Testing;
fLanguage
English
Publisher
ieee
Conference_Titel
Power Engineering Society General Meeting, 2004. IEEE
Print_ISBN
0-7803-8465-2
Type
conf
DOI
10.1109/PES.2004.1372796
Filename
1372796
Link To Document