Machine generated tools for short-term forecasting of price of electrical energy
In the contemporary context of energy markets, short-term electricity price forecasting plays a critical role for the efficient management of resources and optimization of energy systems. This paper explores the application of artificial intelligence and machine learning as tools for generating accurate short-term electricity price forecasts. We consider different algorithms, including neural networks, support vector machine learning, and time series, and analyze their accuracy and effectiveness in different real-world market conditions. The aim of the study is to provide a scientifically based view on the potential of machine-generated tools to improve the accuracy and reliability of short-term energy forecasts, which can contribute to greater stability and optimization of energy markets.
Authors
- Plamen Antonov Stanchev (ORCID: https://orcid.org/0000-0001-6564-6206)
- Dardan Klimenta (ORCID: https://orcid.org/0000-0003-0019-8371)
- Nikolay Lyuboslavov Hinov (ORCID: https://orcid.org/0000-0002-0308-4858)
- Gergana Vacheva (ORCID: https://orcid.org/0000-0002-8037-973X)
Publication Details
- Journal
- International Journal on Information Technologies and Security
- Published
- 2025-02-28
- DOI
- https://doi.org/10.59035/coth5893
- Citations
- 1
- Primary Topic
- Industrial Engineering and Technologies
- Type
- article
- Field-Weighted Citation Impact
- 0.71