Market Price Forecasting - MPF

    Market price is very important for generation companies to make strategies and maximize their profit in power market. Our solution – MPF is used for short-term forecasting and was built based on Artificial Natural Network (ANN) with various factors which impact on market price. MPF was designed with specificities for Vietnam Power Market.        

    Input data:
    • Day type
    • Hour
    • Historical Regional Prices
    • Historical Regional Load
    • System load
    • Quantity out of market
    • Etc
     
    ...
     
    Processing:
    • Data analysis
    • Automatically search the best architecture 
    • Training the network
    • Testing the network 
     
     

     

    Result:
    • Hourly forecasted market price
     

     



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