Power Systems, 3rd Edition

16

Short-Term Load and Price Forecasting with Artificial Neural Networks*

Alireza Khotanzad

Southern Methodist University

16.1    Artificial Neural Networks

Error Back-Propagation Learning Rule • Adaptive Update of the Weights during Online Forecasting

16.2    Short-Term Load Forecasting

ANNSTLF Architecture • Humidity and Wind Speed • Holidays and Special Days • Performance

16.3    Short-Term Price Forecasting

Architecture of Price Forecaster • Performance

References

16.1  Artificial Neural Networks

Artificial neural networks (ANN) are systems inspired by research into how the brain works. An ANN consists of a collection of arithmetic computing units (nodes or neurons) connected together in a network of interconnected layers. A typical node ...