• Matinahmed S. Baqui
• Farzana Y. Munshi

DEREGULATION HAS MAJOR IMPACT ON ELECTRICAL POWER SCENARIO IN CURRENT ERA. PRICE GUESSING IS NECESSARY TO DEVELOP BIDDING STRATEGIES TO MAXIMIZE THEIR BENEFITS AND UTILITIES, ESPECIALLY FOR SPOT MARKETS AND SHORT-TERM CONTRACTS. THE CURRENT ELECTRICITY MARKET DEREGULATION IS EFFECTIVELY LOOK AFTER BY PRICE ESTIMATION TOOL. POWER SYSTEM RISK ASSESSMENT AND OTHER DECISION MAKING TOGETHER WITH PLANNING AND OPERATION, ARE WELL EXECUTED BY PRICE ESTIMATION. IN THIS WORK, FUZZY INFERENCE SYSTEM (FIS)IS USED TO GUESSS HOURLY, SHORT PERIOD ELECTRICITY PRICE. THE ELECTRICITY DATA FROM THE INDIAN ENERGY EXCHANGE WEB SITE, HOURLY PAST LOAD AND HOURLY PAST PRICE DATA, IS UTILIZED TO DEVELOP THE SYSTEM. PRICE PREDICTING ACCURACY EVALUATED BY THE CALCULATION OF MEAN ABSOLUTE PERCENTAGE ERROR (MAPE). THE RESULT INDICATES THAT AI SPECIALLY FIS METHOD, PRICE PREDICTION ACCURACY IS CONSIDERABLY BETTER.

FUZZY INFERENCE SYSTEM (FIS), ELECTRICITY PRICE GUESSING, MEAN ABSOLUTE PERCENTAGE ERROR (MAPE), PRICE OF ELECTRICITY (POE)

" Advance Guess of Electricity Price by AI with FIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.89-97, December-2018, Available :http://www.jetir.org/papers/JETIR1812F70.pdf

" Advance Guess of Electricity Price by AI with FIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp89-97, December-2018, Available at : http://www.jetir.org/papers/JETIR1812F70.pdf