This paper proposes a novel price forecasting method based on wavelet transform combined with ARIMA and GARCH models. By wavelet transform, the historical price series is decomposed and reconstructed into one approximation series and some detail series. Then each subseries can be separately...

This paper examines the driving forces for reducing China’s CO2 emission intensity between 1998 and 2008, utilizing the logarithmic mean divisia index (LMDI) technique. By first grouping the CO2 emissions into two categories, those arising from activities related to the electric power industry...

Annual load forecasting is very important for the electric power industry. As influenced by various factors, an annual load curve shows a non-linear characteristic, which demonstrates that the annual load forecasting is a non-linear problem. Support vector regression (SVR) is proven to be useful...

In this paper, we propose a new unit commitment model that captures the sub-hourly variability of wind power. Scenarios are included in the stochastic unit commitment formulation to represent the uncertainty and intermittency of wind power output. A modified Benders decomposition method is used...

With the increasing penetration of renewable energy, automatic generation control (AGC) capacity requirements will increase dramatically, becoming a challenging task that must be addressed. The rapid growth of electric vehicles (EVs) provides new approaches for the stable operation of power...

Unit commitment (UC) is one of the most important daily tasks that independent system operators or regional transmission organizations must accomplish in the electric power market. In the conventional UC problem, especially under a deregulated power system, the power schedule is usually taken as...

The high penetration of both Distributed Energy Resources (DER) and Demand Response (DR) in modern power systems requires a sequence of advanced strategies and technologies for maintaining system reliability and flexibility. Real-time electricity markets (RTM) are the non-discriminatory...

Plug-in hybrid electric vehicles (PHEVs) are considered as one of the most promising means to improve the near-term sustainability of the transportation and stationary energy sectors. This paper describes a methodology for the optimization of PHEVs component sizing using parallel chaos...