Implementation and performance analysis of very short term load forecaster based on the electronic dispatch project in ISO New England

Author

Chen, Quan ; Milligan, Jim ; Germain, Edward H. ; Raub, Robert ; Shamsollahi, Payman ; Cheung, Kwok W.

Author_Institution

ISO New England Inc., Holyoke, MA, USA

fYear

2001

fDate

2001

Firstpage

98

Lastpage

104

Abstract

With deregulation in the electric power industry, an accurate very short-term load forecasting (VSTLF) function is increasingly important and becomes an integral component of the real-time (spot) market. VSTLF, dealing with the forecast horizon of one to several minutes ahead, is a relatively new division of the load forecasting which is of special importance in resource dispatch function and correction of area control error (ACE). This paper reports upon the implementation and performance analysis of very short term load forecast (VSTLF) in the electronic dispatch project in ISO New England

Keywords

electricity supply industry; energy management systems; load dispatching; load forecasting; neural nets; power system analysis computing; ISO New England; area control error correction; electric power industry deregulation; electronic dispatch project; energy management system; neural networks; performance analysis; real-time spot market; resource dispatch function; very short term load forecaster; Artificial neural networks; Consumer electronics; Costs; Demand forecasting; Economic forecasting; Electricity supply industry; Error correction; Load forecasting; Maintenance; Performance analysis;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering, 2001. LESCOPE '01. 2001 Large Engineering Systems Conference on

Conference_Location

Halifax, NS

Print_ISBN

0-7803-7107-0

Type

conf

DOI

10.1109/LESCPE.2001.941634

Filename

941634