Different ANN models for short term electricity price forecasting

Abstract

In a deregulated electiricity market, price forecasting is gaining demand with application of Artificial Neural Network (ANN). The paper deals with price forecasting with different ANN models.like Back Propagation Neural Network( BPNN), Radial Bias Function Neural Network (RBFNN) and Genectic Algorithm based Neural Network (GANN). A contextual investigation is made with the downloaded data of the day-ahead pool market prices of the California Pool Market using the above four different ANN models and the results are compared.