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A fuzzy-based approach to analyse system demand in the Australian Electricity Market

Widjaja, Moeljono and Mielczarski, W. (1999) A fuzzy-based approach to analyse system demand in the Australian Electricity Market. 1999 IEEE Power Engineering Society Summer Meeting. Conference Proceedings (Cat. No.99CH36364).

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Official URL: https://ieeexplore.ieee.org/abstract/document/7874...

Abstract

In the Australian National Electricity Market (NEM), pool prices are fully determined by the balance between electricity supply and demand. Market participants provide price and power bids in half-hour periods. Dispatch prices are determined by the market operator in five-minute periods. The bidding behaviour is based on the prediction of electricity market in particular system demand which determines prices in most trading intervals. The more accurate prediction of demand patterns can lead to optimisation of bidding strategies. This paper presents the application of fuzzy sets to analyse system demand in the Australian Electricity Market as the basic input information for optimisation of bidding strategies. Linguistic variables are effective tools to analyse trends of system demand and predict its future values.

Item Type: Article
Subjects: 000 Computer Science, Information and General Works > 000 Computer Science, Knowledge and Systems > 006 Special Computer Methods (Artificial Intelligence, Machine Learning, 3D Graphics, Digital Video, Data Mining, Augmented Reality)
500 Science and Mathematic > 510 Mathematics > 519 Probabilities and Applied Mathematics
500 Science and Mathematic > 530 Physics > 537 Electricity and Electronics
Divisions: Fakultas Teknik Informatika > Program Studi Informatika
Depositing User: mr admin umn
Date Deposited: 15 Oct 2021 08:52
Last Modified: 15 Oct 2021 08:52
URI: http://kc.umn.ac.id/id/eprint/18821

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