Prediction technique for system marginal price using wavelet transform

웨이브릿 변환을 이용한 발전시스템 한계원가 예측기법

This paper proposes a novel wavelet transform based technique for prediction of System Marginal Price(SMP). In this paper, Daubechies D1(haar), D2, D4 wavelet transforms are adopted to predict SMP and the numerical results reveal that certain wavelet components can effectively be used to identify the SMP characteristics with relation to the system demand in electric power systems. The wavelet coefficients associated with certain frequency and time localisation are adjusted using the conventional multiple regression method and then reconstructed in order to predict the SMP on the next scheduling day through a five-scale synthesis technique. The outcome of the study clearly indicates that the proposed wavelet transform approach can be used as an attractive and effective means for the SMP forecasting.