Implementation of Genetic-Algorithm-Based Forecasting Model to Power System Problems
Power system includes many types of markets. Such markets are generally cleared at certain times, whereas market participators have to determine their operational plans before meeting the actual conditions. Therefore, forecasting methods can assist market players. Forecasting methods are applied to forecast electricity demand. The unknown conditions in the power system are increased by integration of renewable generation units. Forecasting methods, which are used for the load forecasting, are updated because the output power of renewable generation units such as wind farms and photovoltaic (PV) panels have more deviation than power demand. The pool market can be introduced as other parameter that is forecasted by market players. In this chapter, the authors investigate a mathematical model for forecasting of wind. Then, the forecasting model is proposed. Genetic algorithm is applied as an optimization method to handle delay associated with wind forecasting.