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Machine generated tools for short-term forecasting of price of electrical energy

2025, vol.17 , no.1, pp. 47-56

Article [2025-01-05]

Authors
Plamen Stanchev
Gergana Vacheva
Dardan Klimenta
Nikolay Hinov
Abstract

In the contemporary context of energy markets, short-term electricity price forecasting plays a critical role for the efficient management of resources and optimization of energy systems. This paper explores the application of artificial intelligence and machine learning as tools for generating accurate short-term electricity price forecasts. We consider different algorithms, including neural networks, support vector machine learning, and time series, and analyze their accuracy and effectiveness in different real-world market conditions. The aim of the study is to provide a scientifically based view on the potential of machine-generated tools to improve the accuracy and reliability of short-term energy forecasts, which can contribute to greater stability and optimization of energy markets.

Keywords

energy efficiency, electrical energy, forecasting, photovoltaic plant

DOI

https://doi.org/10.59035/COTH5893

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Citation of this article:

Plamen Stanchev, Gergana Vacheva, Dardan Klimenta, Nikolay Hinov. Machine generated tools for short-term forecasting of price of electrical energy. International Journal on Information Technologies and Security, vol.17 , no.1, 2025, pp. 47-56. https://doi.org/10.59035/COTH5893