Intelligent Photovoltaic Power Forecasting Methods for a Sustainable Electricity Market of Smart Micro-Grid

Abstract

Smart micro-grid (SMG) is a growing segment of the modern power grid. Besides the benefits brought in terms of improving power reliability, power quality, security, and sustainability, and promoting competitiveness in a new deregulated electricity market, SMG is still in the early commer <sup xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">c</sup> ial stage. This article introduces the SMG con-cept-based forecasting mechanisms. It highlights the role of the power production and profit forecasting methods to drive the SMG deployment with the liberalized electricity market concept. Finally, some open issues in SMG deployment such as standardization and regulations are presented as key drivers for SMG success.