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

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
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article

Machine generated tools for short-term forecasting of price of electrical energy

Plamen Antonov Stanchev, Dardan Klimenta, Nikolay Lyuboslavov Hinov, Gergana Vacheva
1 citations
International Journal on Information Technologies and Security
Industrial Engineering and Technologies
0.71
article

Machine generated tools for short-term forecasting of price of electrical energy

Plamen Antonov Stanchev, Dardan Klimenta, Nikolay Lyuboslavov Hinov, Gergana Vacheva
article en
1 citations

Abstract

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.

International Journal on Information Technologies and SecurityVol. 17(1)
Openalex Percentile: Top 35%
Industrial Engineering and Technologies
0.71
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Machine generated tools for short-term forecasting of price of electrical energy — Plamen Antonov Stanchev, Dardan Klimenta, et al. · International Journal on Information Technologies and Security (2025) | TGRS Research Map | TGRS