Advertisement

Fuzzy Price Forecasting and Energy Contracting in Competitive Electricity Markets

  • Władysław Mielczarski
  • Grażyna Michalik-Mielczarska
Part of the Studies in Fuzziness and Soft Computing book series (STUDFUZZ, volume 76)

Abstract

Of many applications, the fuzzy sets approach in cases involving human decisions seems to be the most promising. Electricity markets have brought new challenges to researches as varying prices and uncertain volume of energy production result in risk to be taken when contracting energy. The implementation of fuzzy approach allows the price pattern determination and the evaluation of the risk taken for various market attitudes [1]. The data used in research comes from the Australian Electricity Market, which seems to the most advanced electricity market with 5-minute dispatch prices.

Keywords

Trend Line Market Participant Total Risk Strike Price Spot Price 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Reference

  1. Michalik G., „Fuzzy Logic Approach to Contracting Electrical Energy in Competitive Electricity Markets“, PhD thesis, Monash University, Melbourne, Australia, 1999.Google Scholar

Copyright information

© Physica-Verlag Heidelberg 2001

Authors and Affiliations

  • Władysław Mielczarski
    • 1
    • 2
  • Grażyna Michalik-Mielczarska
    • 2
  1. 1.Systems Research InstitutePolish Academy of SciencesWarsawPoland
  2. 2.Energy Market — ConsultingŁódżPoland

Personalised recommendations