Hybrid evolutionary neuro-fuzzy computational tool to forecast wind power and electricity prices

Abstract

The intermittence of the renewable sources due to its unpredictability increases the instability of the actual grid and energy supply. Besides, in a deregulated and competitive framework, producers and consumers require short-term forecasting tools to derive their bidding strategies to the electricity market. This paper proposes a novel hybrid computational tool, based on a combination of evolutionary particle swarm optimization with an adaptive-network-based fuzzy inference system, for wind power forecasting and electricity prices forecasting in the short-term. The results from two real-world case studies are presented, in order to illustrate the proficiency of the proposed computational tool. © 2012 IFIP International Federation for Information Processing.