Bayesian neural network model to predict day-ahead electricity prices

A new recursive neural network algorithm

A new recursive neural network algorithm to forecast electricity price for PJM day-ahead market

✍ Paras Mandal; Anurag K. Srivastava; Tomonobu Senjyu; Michael Negnevitsky 📂 Article 📅 2010 🏛 John Wiley and Sons 🌐 English ⚖ 284 KB

This paper evaluates the usefulness of publicly available electricity market information in predicting the hourly prices in the PJM day-ahead electricity market using recursive neural network (RNN) technique, which is based on similar days (SD) approach. RNN is a multi-step approach based on one out