AI RESEARCH
Machine Learning and Deep Learning Models for Short Term Electricity Price Forecasting in Australia's National Electricity Market
arXiv CS.LG
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ArXi:2604.23908v1 Announce Type: new Short term electricity price forecast is essential in competitive power markets, yet electricity price series exhibit high volatility, irregularity, and non-stationarity. This phenomenon is pronounced in the South Australian region of the National Electricity Market, where high renewable penetration drives price volatility and frequent negative price intervals, while structural changes such as the transition to five-minute settlement further complicate forecast. To address these challenges, this study develops a unified benchmark framework.