{"product_id":"electricity-market-clearing-price-forecasting-in-a-deregulated-market-9783639245127","title":"Electricity Market Clearing Price Forecasting in a Deregulated Market","description":"\u003cp\u003e • Author(s): Xing Yan | Nurul A\u003cbr\u003e • Publisher: VDM Verlag\u003cbr\u003e • Publisher Imprint: VDM Verlag\u003cbr\u003e • BISAC: Electricity\u003c\/p\u003e\u003cp\u003eElectricity market clearing price (MCP) forecasting is a prediction of future electricity price based on given forecast of electricity demand, temperature, sunshine, fuel cost, precipitation and other related factors. This book presents a mid-term electricity MCP forecasting technique utilizing neural network approach. Forecasting of mid-term MCP is essential for decision making, scheduling and bidding strategy planning purposes. However, forecasting mid-term electricity market clearing price is a very complex non-linear problem. Neural network based approaches can be effective forecasting tools in an environment with high degree of non-linearity and uncertainty. Two new artificial neural networks have been proposed and reported in this book that can be utilized to forecast mid-term daily peak and mid- term hourly electricity market clearing price. Two situations have been considered; market clearing price forecasting under real deregulated electric market and under deregulated electric market with perfect competition.\u003c\/p\u003e","brand":"VDM Verlag","offers":[{"title":"Paperback","offer_id":47607304061079,"sku":"9783639245127","price":4518.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9783639245127.webp?v=1775046376","url":"https:\/\/atlanticbooks.com\/products\/electricity-market-clearing-price-forecasting-in-a-deregulated-market-9783639245127","provider":"Atlantic Books","version":"1.0","type":"link"}