• KIEE International Transactions on Power Engineering
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• v.5A no.3
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• pp.300-302
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• 2005

We employ a new technique to account for extreme values when using the generalized autoregressive conditionally heteroskedastic (GARCH) methodology to forecast day-ahead electricity prices in New York City.

• Journal of Electrical Engineering and Technology
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• v.13 no.6
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• pp.2236-2244
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• 2018

We make optimal consecutive offer curves for an energy storage system (ESS) integrated wind power producer (WPP) in the co-optimized day-ahead energy and regulation markets. We build the offer curves by solving multi-stage stochastic optimization (MSSO) problems based on the scenarios of pairs consisting of real-time price and wind power forecasts through the progressive hedging method (PHM). We also use the rolling horizon method (RHM) to build the consecutive offer curves for several hours in chronological order. We test the profitability of the offer curves by using the data sampled from the Iberian Peninsula. We show that the offer curves obtained by solving MSSO problems with the PHM and RHM have a higher profitability than offer curves obtained by solving deterministic problems.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.58 no.1
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• pp.28-34
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• 2009

In this study firstly we survey the calculation method and the characteristics of the way of estimating CBL(Customer BaseLine Load) that is important calculation tool for DRP internationally. Also we analyze the power consumption pattern using the 15 minutes load profiles of about 120,000 customers in domestic. Based on this pattern, we provide the CBL calculation method that can be utilized in DRP to save the cost, and analyze the accuracy of the CBL calculation proposed in this paper through the simulation.

• Journal of Korean Society on Water Environment
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• v.24 no.1
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• pp.91-98
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• 2008

This work was performed to develop a model possible to predict the influent flow and influent components, which are one of main disturbances causing process problems at the operation of municipal wastewater treatment plant. In this study, artificial neural network (ANN) was used in order to develop a model that was able to predict the influent flow, $COD_{Mn}$, SS, TN 1 day-ahead, 2day-ahead and 3 day ahead. Multi-layer feed-forward back-propagation network was chosen as neural network type, and tanh-sigmoid function was used as activation function to transport signal at the neural network. And Levenberg-Marquart (LM) algorithm was used as learning algorithm to train neural network. Among 420 data sets except missing data, which were collected between 2005 and 2006 at field plant, 210 data sets were used for training, and other 210 data sets were used for validation. As result of it, ANN model for predicting the influent flow and components 1-3day ahead could be developed successfully. It is expected that this developed model can be practically used as follows: Detecting the fault related to effluent concentration that can be happened in the future by combining with other models to predict process performance in advance, and minimization of the process fault through the establishment of various control strategies based on the detection result.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.64 no.4
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• pp.505-514
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• 2015

This paper proposes a probabilistic generation assessment model of renewable energy generators(REGs) considering uncertainty of resources, mainly focused on Wind Turbine Generator(WTG) and Solar Cell Generator(SCG) which are dispersed widely in South Korea The proposed numerical analysis method assesses the one day-ahead generation by combining equivalent generation characteristics function and probabilistic distribution function of wind speed(WS) and solar radiation(SR) resources. The equivalent generation functions(EGFs) of the wind and solar farms are established by grouping a lot of the farms appropriately centered on Weather Measurement Station(WMS). First, the EGFs are assessed by using regression analysis method based on typical least square method from the recorded actual generation data and historical resources(WS and SR). Second, the generation of the REGs is assessed by adding the one day-ahead resources forecast, announced by WMS, to the EGFs which are formulated as third order degree polynomials using the regression analysis. Third, a Renewable Energy Generation Assessment System(REGAS) including D/B of recorded actual generation data and historical resources is developed using the model and algorithm predicting one day-ahead power output of renewable energy generators.

• Journal of Electrical Engineering and Technology
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• v.12 no.5
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• pp.1709-1718
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• 2017

This paper presents a hybrid stochastic deterministic multi-timescale scheduling (SDMS) approach for generation scheduling of a power grid. SDMS considers flexible resource options including conventional generation flexibility in a chance-constrained day-ahead scheduling optimization (DASO). The prime objective of the DASO is the minimization of the daily production cost in power systems with high penetration scenarios of variable generation. Furthermore, energy storage is scheduled in an hourly-ahead deterministic real-time scheduling optimization (RTSO). DASO simulation results are used as the base starting-point values in the hour-ahead online rolling RTSO with a 15-minute time interval. RTSO considers energy storage as another source of grid flexibility, to balance out the deviation between predicted and actual net load demand values. Numerical simulations, on the IEEE RTS test system with high wind penetration levels, indicate the effectiveness of the proposed SDMS framework for managing the grid flexibility to meet the net load demand, in both day-ahead and real-time timescales. Results also highlight the adequacy of the framework to adjust the scheduling, in real-time, to cope with large prediction errors of wind forecasting.

• Communications for Statistical Applications and Methods
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• v.18 no.2
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• pp.237-244
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• 2011

In call forecasting literature, both the seasonal autoregressive integrated moving average(ARIMA) type models and seasonal linear models have been popularly suggested as competing models. However, their parallel comparison for the forecasting accuracy was not strictly investigated before. This study evaluates the accuracy of both the seasonal linear models and the seasonal ARIMA-type models when predicting intra-day call arrival rates using both real and simulated data. The seasonal linear models outperform the seasonal ARIMA-type models in both one-day-ahead and one-week-ahead call forecasting in our empirical study.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.4
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• pp.457-466
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• 2013

Wind energy is rapidly becoming significant generating technologies in electricity markets. As probabilistic nature of wind energy creates many uncertainties in the short-term scheduling, additional actions for reliable market operation should be taken. This paper presents a novel approach to evaluate ramping capability requirement for changes in imbalance energy between day-ahead market and real-time market due to uncertainty of wind generation as well as system load. Dynamic ramp rate model has been applied for realistic solution in unit commitment problem, which is implemented in day-ahead market. Probabilistic optimal power flow has been used to verify ramping capability determined by the proposed method is reasonable in economic and reliable aspects. This approach was tested on six-bus system and IEEE 118-bus system with a wind farm. The results show that the proposed approach provides ramping capability information to meet both forecasted variability and desired confidence level of anticipated uncertainty.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.13 no.10
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• pp.4988-5012
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• 2019

As a subset of the Internet of Things, the Internet of Energy (IoE) is expected to tackle the problems faced by the current smart grid framework. Notably, the conventional day-ahead power scheduling of the smart grid should be redesigned in the IoE architecture to take into consideration the intermittence of scattered renewable generations, large amounts of power consumption data, and the uncertainty of the arrival time of electric vehicles (EVs). Accordingly, a day-ahead power scheduling system for the future IoE is proposed in this research to maximize the usage of distributed renewables and reduce carbon emission caused by the traditional power generation. Meanwhile, flexible charging mechanism of EVs is employed to provide preferred charging options for moving EVs and flatten the load profile simultaneously. The simulation results revealed that the proposed power scheduling mechanism not only achieves emission reduction and balances power load and supply effectively, but also fits each individual EV user's preference.

• Proceedings of the KIEE Conference
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• 2005.07a
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• pp.819-821
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• 2005

Since the System Marginal Price (SMP) is a vital factor to the market entities who intend to maximize the their profit, the short-term marginal price forecasting should be performed correctly. In a electricity market, the short-term trading between the market entities can be generally affected a short-term market price. Therefore, the exact forecasting of SMP can influence on the profit of market participants. This paper presents a methodology of day-ahead SMP foretasting using Autoregressive Integrated Moving Average (ARIMA). To show the efficiency and effectiveness of the proposed method, the numerical studies have been performed using historical data of SMP in 2004.