Load Control in Real Time Price Prediction

Switzerland’s electricity consumption in 2014 was 59.3 TWh (Abrell, 2016) and continues to rise every year. As residential needs for electrical energy increase, so does the demand (Abrell, 2016; Filippini, 2011; IEA, 2012; Zhao et al, 2013). As a result, the necessary energy for meeting the demand cannot be provided by the power grid (Abrell, 2016; Filippini, 2011). The Swiss government has tried by applying new methods in price calculation for electricity to help shift the loads to different times(Abrell, 2016). Nevertheless, over-loadings and blackouts occur several times per year creating high maintenance costs (Abrell, 2016; Filippini, 2011), for the production companies which reflects to the users’ payments as well. On the one hand consumers demand aims at electrical energy of high quality and reliability (Abrell,2016), but on the other hand producers’ aim in less maintenance costs. A clear solution is needed for the demand and supply of Switzerland’s grid to balance....