Research and Implementation of Electric Power Market Analysis and Forecast System

Abstract:

In order to meet the requirements of the market economy, the power company needs to make power market analysis and forecast, it is the basic work of guarantee of the investment returns and improves operational efficiency, and it also is the basic work of network operations, planning, marketing, and the financial budget for the foundation. The accuracy of electricity demand forecast will not only affect the safe and reliable of power network, but also to network operators on the production and operational decision making and operational efficiency. To meet the power network’s commercial operation, and for the requirements of network’s modernization and scientific management; In order to predict the market’s electricity demand accurately, reduce the load forecast engineers’ frequently and complicated data processing work, also to ensure that the derive of historical data and ensure information sharing. Development of the electricity market-oriented environment for the network's power market analysis and forecast system is very necessary.

• Periodical: Applied Mechanics and Materials (Volume 575)
• Pages: 943-947
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.575.943
• Online since: June 2014
• Authors: Chun Min Jiang*
• Keywords: Electricity Market Forecast, Forecast Model, Forecast Strategy

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