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Electricity Price Forecast

Station Quantity and Price Forecast integrates functions such as electricity price forecast, peak-valley difference, node price forecast, station power forecast, section warning, and node price difference warning, helping users to quickly alert the node price at which the station/unit is located more comprehensively, and providing the function of power forecast for new energy stations.

Electricity Price Forecast​

  • Supports short-term forecasting of electricity prices in a province, predicting the day-ahead market and real-time market electricity prices for D+1 day, as well as the price difference direction.
  • Supports viewing market trends for the next 14 days.
  • The electricity price forecast in this function predicts the trading prices in the electricity spot market through algorithms, helping users better understand the day-ahead and real-time prices in the electricity spot market.
  • After each day has passed, the historical accuracy of price forecasts will be calculated, evaluating the forecasting algorithm using MAPE or sMAPE.

Peak-Valley Difference​

Supports viewing the average values and positions of peaks and valleys on the price curve of the forecast day-ahead prices for D+1 day for two consecutive hours. This helps users make decisions on energy storage strategies.

Node Price Forecast​

  • Supports short-term forecasting of the electricity price at the node where the station is located, predicting the day-ahead market and real-time market electricity prices for D+1 day.
  • Supports viewing market trends for the next 14 days.
  • The electricity price forecast in this function predicts the trading prices in the electricity spot market through algorithms, helping users better understand the day-ahead and real-time prices in the electricity spot market.
  • After each day has passed, the historical accuracy of price forecasts will be calculated, evaluating the forecasting algorithm using MAPE or sMAPE.

Price Difference Forecast​

  • Mainly predicts the changing trend of the price difference between the day-ahead market price and the real-time market price at different time points. A positive market indicates that the day-ahead market price is higher than the real-time market price, with a positive price difference. Conversely, a negative market indicates that the real-time market price is higher than the day-ahead market price, with a negative price difference. When the prices in both markets are the same, the price difference is 0.
  • After each day has passed, the historical accuracy of price difference direction forecasts will be calculated, evaluating the forecasting algorithm using MAPE or sMAPE.