Electricity Market Price Prediction with Artificial Neural Network (ANN)

In this paper, the price of electric energy in the electricity market is predicted using neural networks. Multi-Layer Perceptron neural network is proposed for electricity market price prediction and Back propagation algorithm is used for neural network training. Since the load changes taking one of the factors affecting the price of electrical energy, Electric load as an important factor in predicting market price is considered in this article. Two models have been used for electricity market price prediction, and results of two methodes have been compared. Data used in this paper is related to Nord Pool Spot Market in 2015, Nord Pool Spot runs the largest market for electrical energy in Europe