Some New Developments of Forecasting in Power Market

With the deregulation and development of power market, some new features and trends about electric power demand forecasting issues come into being, which mainly includes the following two aspects: Firstly, the forecasting has developed into a complicated problem associated with users' behavior and psychology. Secondly, short and medium-term forecasting used for bidding and clearing in power market are discussed more than long-term forecasting in order to guide power grid planning. Considering the new features of forecasting and the great progress in artificial intelligence (AI), this paper puts forward the idea and framework of forecasting problem under the power market environment by integrated model and Deep Learning technology.