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The electricity price profile and the constant natural gas price profile are shown in Fig. 6.
Open image in new window Fig. 6 Natural gas price profile and electricity price profile.
Two hourly price profiles are considered, representing a moderately and highly fluctuating price profile respectively.
Month ahead average daily day-ahead electricity price profile forecasting is proposed in this paper.
Therefore, month ahead average daily electricity price profile forecasting is very essential.
A hybrid nonlinear regression and SVM model is proposed for month ahead average daily electricity price profile forecasting.
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A rolling forecast for the month ahead average daily electricity price profiles from May 2016 to November 2016 is presented.
The EEB and the American option price profiles generated by all the chosen models fully conform with the options theory.
Open image in new window Fig. 7 Comparison of actual and contracted shed load and market regulation price profiles.
In contrast, the proposed method training set includes historical average daily price profiles, e.g., the average price at 10 00 a.m. for a month.
Fig. 2 and Fig. 3 show that the consumption way satisfaction and payment satisfaction both impact the load profiles and price profiles.
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