Restructured Power System and Electricity Market Forecasting

This book presents the overview of present power system structure and capacity in India. In this book various issues related with power system restructuring has been covered in detail. Also various pricing mechanism and market entities as well as structure have been presented. The issues related to the operation of electricity market have been discussed. Importance of forecasting of electricity market parameters has been discussed. Neural Network based design of forecasting tool to compute the short-term load, price and spinning reserve forecast of different power market has been discussed to show how such method can be useful for operation, security and reliability of the electricity market. The content of this book would be very useful to undergraduate and post graduate students of Electrical Engineering. Tis book will also help researchers working in the area of electricity market forecasting to develop an insight of the problem and initiate them to find solutions of some of the problems of power system restructuring.