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Price Forecasting In The Ontario Electricity Market Via Triconvgru Hybrid Model
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Book Synopsis Price Forecasting in the Ontario Electricity Market Via TriConvGRU Hybrid Model by : Behdad Ehsani
Download or read book Price Forecasting in the Ontario Electricity Market Via TriConvGRU Hybrid Model written by Behdad Ehsani and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity price forecasting is a challenging task for decision-makers in deregulated power markets due to the inherent characteristics of electricity prices, e.g., high frequency and volatility. Accordingly, we propose a novel hybrid Deep Learning model to forecast one-step, two-step, and three-step ahead electricity prices based on a Convolutional Neural Network (CNN) and Gated Recurrent Unit (GRU). Our model consists of three consecutive CNN-GRU models combined in parallel with different input data. We downsampled input data via pooling layers at the beginning of two streams of the model to capture different frequencies of price patterns concurrently. Also, a set of external variables, including previous prices, electricity load, generation, import and export, and weather data, were considered in our forecasting models to test whether these features improve the efficiency of the models. Finally, three experiments in various weeks of 2022 were carried out in the Ontario electricity market to assess the model. The results indicate that the proposed model reduced the forecasting error significantly by 63.3% in the first experiment, 41.8% in the second, and 28.2% in the third, on average. Also, the proposed model was compared with several baseline models, including statistical time-series, Machine Learning, and Deep Learning models and outperformed them. Furthermore, the comparison of results in univariate and multivariate settings indicated that adding variables to forecasting models did not help reduce forecasting errors.
Book Synopsis Price Forecasting and Optimal Operation of Wholesale Customers in a Competitive Electricity Market by : Hamidreza Zareipour
Download or read book Price Forecasting and Optimal Operation of Wholesale Customers in a Competitive Electricity Market written by Hamidreza Zareipour and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Games in Management Science by : Pierre-Olivier Pineau
Download or read book Games in Management Science written by Pierre-Olivier Pineau and published by Springer. This book was released on 2019-08-14 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers a large spectrum of cutting-edge game theory applications in management science in which Professor Georges Zaccour has made significant contributions. The book consists of 21 chapters and highlights the latest treatments of game theory in various areas, including marketing, supply chains, energy and environmental management, and cyber defense. With this book, former Ph.D. students and successful research collaborators of Professor Zaccour wish to honor his many scientific achievements.
Book Synopsis Designing Sustainable Technologies, Products and Policies by : Enrico Benetto
Download or read book Designing Sustainable Technologies, Products and Policies written by Enrico Benetto and published by Springer. This book was released on 2018-07-03 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book provides insight into the implementation of Life Cycle approaches along the entire business value chain, supporting environmental, social and economic sustainability related to the development of industrial technologies, products, services and policies; and the development and management of smart agricultural systems, smart mobility systems, urban infrastructures and energy for the built environment. The book is based on papers presented at the 8th International Life Cycle Management Conference that took place from September 3-6, 2017 in Luxembourg, and which was organized by the Luxembourg Institute of Science and Technology (LIST) and the University of Luxembourg in the framework of the LCM Conference Series.
Book Synopsis Quantitative Techniques for Competition and Antitrust Analysis by : Peter Davis
Download or read book Quantitative Techniques for Competition and Antitrust Analysis written by Peter Davis and published by Princeton University Press. This book was released on 2009-11-16 with total page 1185 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book combines practical guidance and theoretical background for analysts using empirical techniques in competition and antitrust investigations. Peter Davis and Eliana Garcés show how to integrate empirical methods, economic theory, and broad evidence about industry in order to provide high-quality, robust empirical work that is tailored to the nature and quality of data available and that can withstand expert and judicial scrutiny. Davis and Garcés describe the toolbox of empirical techniques currently available, explain how to establish the weight of pieces of empirical work, and make some new theoretical contributions. The book consistently evaluates empirical techniques in light of the challenge faced by competition analysts and academics--to provide evidence that can stand up to the review of experts and judges. The book's integrated approach will help analysts clarify the assumptions underlying pieces of empirical work, evaluate those assumptions in light of industry knowledge, and guide future work aimed at understanding whether the assumptions are valid. Throughout, Davis and Garcés work to expand the common ground between practitioners and academics.
Book Synopsis Alternating Currents by : Timothy J. Brennan
Download or read book Alternating Currents written by Timothy J. Brennan and published by Routledge. This book was released on 2010-09-30 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many states within the U.S., and many countries across the world, are opening their electicity markets to competition. Many others are uncertain about their plans. These differences emphasize the complexities involved in the technology and regulatory structure of the electricity industry--an industry for which the introduction of market competition has been notoriously difficult. In response to these challenges, Alternating Currents provides a timely overview and analysis of the concerns facing industry regulators, legislators, and others as they consider whether, when, and how to open electricity markets. Authors Brennan, Palmer, and Martinez offer background on the history of regulatory policy and the technology for producing and delivering electric power. They then provide insights into the policy debates and economic issues involved in eleven important topics, including industry structure, system integrity and reliability, the mitigation of market power, and environmental protection. Alternating Currents describes the recent events leading to the demise of retail competition in California with the intent on drawing lessons for the future. In the end, the authors offer their perspective about what makes electricity a unique resource and how those factors make the potential conflict between competition and reliability the most pressing of the long-term concerns about the transformation of the electric power industry.
