Research Article

The Combination Forecasting of Electricity Price Based on Price Spikes Processing: A Case Study in South Australia

Table 6

Comparison of the performance of different forecasting models.

ModelsMAPE (%)RMSE ($/MWh)MAE ($/MWh)

ARIMA26.0510.627.93
BP25.329.887.73
Kalman21.127.816.04
A-B (T)25.199.747.72
A-B (C)24.109.327.15
B-K (T)21.128.076.30
B-K (C)20.918.006.18
A-K (T)21.128.196.32
A-K (C)20.807.976.13
A-B-K (T)21.128.196.32
A-B-K (C)20.797.936.12