Journal Article

·2015

Power load forecast system for Turkish electric market

Tolga O. Bozkurt YTU , Z. Cihan Taysi YTU , Göksel Biricik YTU

Abstract

Forecasting the electric load demand in advance is very important in deregulated market conditions to give proper production, purchase, maintenance and investment decisions. Correct price forecasts also depend on accurate load prediction. In this study, effects of calendar, historical price and load data on short-term load forecast for Turkish Deregulated Electricity market are tested using feed forward neural networks. The impact of each data on forecast performance is evaluated and best performance is obtained using a combination of historical and predicted load, calendar information and historical price information

Keywords

Electric power system Electricity Electricity market Turkish Investment (military) Demand forecasting Electrical load Computer science Production (economics) Term (time) Econometrics Operations research Power (physics) Economics Microeconomics Engineering Electrical engineering

Subject Areas

Energy Load and Power Forecasting ·Electrical and Electronic Engineering ·Physical Sciences
Electric Power System Optimization ·Electrical and Electronic Engineering ·Physical Sciences
Smart Grid Energy Management ·Electrical and Electronic Engineering ·Physical Sciences

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