An hour ahead electricity price forecasting with least square support vector machine and bacterial foraging optimization algorithm

• Main Authors: Razak I.A.W.A., Abidin I.Z., Siah Y.K., Abidin A.A.Z., Rahman T.K.A., Baharin N., Jali M.H.B.
• Other Authors: 56602467500
• Format: Article
• Published: Institute of Advanced Engineering and Science 2023
• Institution: Universiti Tenaga Nasional

Predicting electricity price has now become an important task in power system operation and planning. An hour-ahead forecast provides market participants with the pre-dispatch prices for the next hour. It is beneficial for an active bidding strategy where amount of bids can be reviewed or modified b...