MADHUBEN AND BHANUBHAI PATEL INSTITUTE OF TECHNOLOGY

(A CONSTITUENT COLLEGE OF CVM)

Electricity Prize Forecasting System

PREPARED BY:- RIDHAM VYAS(170630116035)

SHEFALI JHA(160630116039)
 Introduction of Definition
Electricity Prize Forecasting System

Electricity price forecasting (EPF) is a branch

of energy forecasting which focuses on predicting
the spot and forward prices in wholesale electricity
markets. Over the last 15 years electricity price
forecasts have become a fundamental input to
energy companies’ decision-making mechanisms at
the corporate level.
 Session outline:-
1) Brief description of the project definition.
2) Modules.
3) Preferred Technologies.
4) Module Description.
5) An overview of the basics.
6) Flowchart Of Liquidity Controller System.
7) Conclusion.
 Brief Description on Electricity Prize forecasting System

The main benefit of smart grid is to save money, manage energy

consumption, energy reliability and protecting the environment. Clients are
able to join in activities of smart grid, where the energy cost can be reduced
by energy preservation and load shifting. The electricity price is influenced
by various factors, such as fuel price, electricity requirement, renewable
energy supply etc. and it varies hourly On the one hand, these unique and
specific characteristics lead to price dynamics not observed in any other
market, exhibiting seasonality at the daily, weekly and annual levels, and
abrupt, short-lived and generally unanticipated price spikes.
 Content Description

Preferred Technologies:- HDD 500GB(Min)

1 TB Recommended
Hardware Requirements-
Processor I3,I5,I7

4 GB Min
16GB Recommended
RAM

Software Requirements-
Content Description

OS Windows 8,Windows 10

Database MS SQL server 2019

Technologies JAVA,Hadoop

IDE Eclipse

Browser Chrome 83
Modules- The proposed system automates all the following activities to
implement error free, time and cost saving process.
Module Description-
1) Account information: The account information service will provide
customers a summary of their accounts. These accounts could be saving of
current saving account . The customers can get details of each account , a
record of payment and transfer made whenever they require it. Also, the
customers will receive a warning notification when the account balance falls
below the minimum limit. This system will make tracking of transaction easy as
the user would be able to get details of the various transactions based on the
account number , the transaction date, the period of the transaction, and so
on.
 2) New account creations:
Whenever a new customer comes, this system facilitates to create an account in
his/her name. The customer must provide information regarding the type of
account, he wants to open, amount of deposit, his address and optionally his
photo copy and digital signature

3) Deposits: All sort of banking deposits need to be implemented in the system.

The user needs to enter the information like account number, the mode of deposit
and the amount.
 4) Withdrawals:
All sort of banking withdrawals need to be implemented in the system. The user
needs to enter the information like account number and the amount. The
system must maintain the minimum amount for each account.

5) Transfer of Accounts:
The system should transfer the amount from one account to another. Here the user need to enter both the
from account number and to account number. Both accounts should get update during the transactions.
 6) Report Generations:

Reports are very essential for the banking organisation. It needs to generate
different reports of banking information from the stored information. These
reports can be printed and also can be stored as soft copies in the system for
future requirement.
An overview of the basics:
Flowchart:
 Advantages:

1) Improve control over cash forecasting

2) Unlock Trapped cash
3) Reduce liquidity risk
4) Review your trading partner relationship
 Disadvantages:

1) Targeted cash flow gaps over discrete and cumulative periods and
under expected and adverse business conditions
2) Limits on the level of borrowings, brokered funds, or exposures to
single fund providers or market segments
Conclusion.

Our aim to develop this project is to nurture the needs of a user in a banking
sector by embedding all the tasks of transactions taking place in a bank.
Connecting a customer anytime and anywhere to their money and needs is a
must have science that has become an unstoppable necessity. This
worldwide communication is leading a new generation to strong banking
relationship.
References:

❏ AIMA Journal of Management & Research, May 2013, Volume 7, Issue 2/4, ISSN 0974 – 497 Copy
right© 2013 AJ MR-AIMA
❏ Ajao, S. & Solomon S., (2012), "Liquidity Management and Corporate Profitability: Case Study of
Selected Manufacturing Companies Listed on the Nigerian Stock Exchange", Business Management
Dynamics, Vol.2, No.2, Aug 2012.
❏ Priya, K. & Nimalathasan, B. (2013), " Liquidity Management and Profitability: A Case Study of Listed
Manufacturing Companies in Sri Lanka ", International Journal of Technological Exploration and
Learning (IJTEL), Volume 2 Issue 4 August 2013, PP161-165.
Thank You!