• Title/Summary/Keyword: electricity demand forecasting

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Development of Long-Term Electricity Demand Forecasting Model using Sliding Period Learning and Characteristics of Major Districts (주요 지역별 특성과 이동 기간 학습 기법을 활용한 장기 전력수요 예측 모형 개발)

  • Gong, InTaek;Jeong, Dabeen;Bak, Sang-A;Song, Sanghwa;Shin, KwangSup
    • The Journal of Bigdata
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    • v.4 no.1
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    • pp.63-72
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    • 2019
  • For power energy, optimal generation and distribution plans based on accurate demand forecasts are necessary because it is not recoverable after they have been delivered to users through power generation and transmission processes. Failure to predict power demand can cause various social and economic problems, such as a massive power outage in September 2011. In previous studies on forecasting power demand, ARIMA, neural network models, and other methods were developed. However, limitations such as the use of the national average ambient air temperature and the application of uniform criteria to distinguish seasonality are causing distortion of data or performance degradation of the predictive model. In order to improve the performance of the power demand prediction model, we divided Korea into five major regions, and the power demand prediction model of the linear regression model and the neural network model were developed, reflecting seasonal characteristics through regional characteristics and migration period learning techniques. With the proposed approach, it seems possible to forecast the future demand in short term as well as in long term. Also, it is possible to consider various events and exceptional cases during a certain period.

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GP Modeling of Nonlinear Electricity Demand Pattern based on Machine Learning (기계학습 기반 비선형 전력수요 패턴 GP 모델링)

  • Kim, Yong-Gil
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.21 no.3
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    • pp.7-14
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    • 2021
  • The emergence of the automated smart grid has become an essential device for responding to these problems and is bringing progress toward a smart grid-based society. Smart grid is a new paradigm that enables two-way communication between electricity suppliers and consumers. Smart grids have emerged due to engineers' initiatives to make the power grid more stable, reliable, efficient and safe. Smart grids create opportunities for electricity consumers to play a greater role in electricity use and motivate them to use electricity wisely and efficiently. Therefore, this study focuses on power demand management through machine learning. In relation to demand forecasting using machine learning, various machine learning models are currently introduced and applied, and a systematic approach is required. In particular, the GP learning model has advantages over other learning models in terms of general consumption prediction and data visualization, but is strongly influenced by data independence when it comes to prediction of smart meter data.

Profit-based Thermal Unit Maintenance Scheduling under Price Volatility by Reactive Tabu Search

  • Sugimoto Junjiro;Yokoyama Ryuichi
    • KIEE International Transactions on Power Engineering
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    • v.5A no.4
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    • pp.331-338
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    • 2005
  • In this paper, an improved maintenance scheduling approach suitable for the competitive environment is proposed by taking account of profits and costs of generation companies and the formulated combinatorial optimization problem is solved by using Reactive Tabu search (RTS). In competitive power markets, electricity prices are determined by the balance between demand and supply through electric power exchanges or by bilateral contracts. Therefore, in decision makings, it is essential for system operation planners and market participants to take the volatility of electricity price into consideration. In the proposed maintenance scheduling approach, firstly, electricity prices over the targeted period are forecasted based on Artificial Neural Network (ANN) and also a newly proposed aggregated bidding curve. Secondary, the maintenance scheduling is formulated as a combinatorial optimization problem with a novel objective function by which the most profitable maintenance schedule would be attained. As an objective function, Opportunity Loss by Maintenance (OLM) is adopted to maximize the profit of generation companies (GENCOS). Thirdly, the combinatorial optimization maintenance scheduling problem is solved by using Reactive Tabu Search in the light of the objective functions and forecasted electricity prices. Finally, the proposed maintenance scheduling is applied to a practical test power system to verify the advantages and practicability of the proposed method.

Long-term Energy Demand Forecast in Korea Using Functional Principal Component Analysis (함수 주성분 분석을 이용한 한국의 장기 에너지 수요예측)

  • Choi, Yongok;Yang, Hyunjin
    • Environmental and Resource Economics Review
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    • v.28 no.3
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    • pp.437-465
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    • 2019
  • In this study, we propose a new method to forecast long-term energy demand in Korea. Based on Chang et al. (2016), which models the time varying long-run relationship between electricity demand and GDP with a function coefficient panel model, we design several schemes to retain objectivity of the forecasting model. First, we select the bandwidth parameters for the income coefficient based on the out-of-sample forecasting performance. Second, we extend the income coefficient using the functional principal component analysis method. Third, we proposed a method to reflect the elasticity change patterns inherent in Korea. In the empirical analysis part, we forecasts the long-term energy demand in Korea using the proposed method to show that the proposed method generates more stable long term forecasts than the existing methods.

A Study on the Electricity Demand Forecasting in Island (도서지역 전력수요예측모형 연구)

  • 이창호;채승용
    • Proceedings of the Korea Society for Energy Engineering kosee Conference
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    • 2002.11a
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    • pp.271-280
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    • 2002
  • 최근 우리나라 전력수급 환경은 전력수요의 지속적인 성장과 더불어 입지 및 환경문제, 전력설비 건설, 재원조달, 전력산업의 경쟁효율성 문제 등 새로운 문제들에 직면하고 있다. 또한 전력사업이 한국전력의 독점체제에서 발전, 송전, 배전으로 분할되고 경쟁체제로 변함에 따라 여러 가지 새로운 문제들에 직면하고 있다. 전력설비의 건설에 따른 투자는 사업기간이 길고 많은 비용이 소요됨으로 전력수요에 대한 정확한 예측이 무엇보다 중요하다.(중략)

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Machine Learning-based hydrogen charging station energy demand prediction model (머신러닝 기반 수소 충전소 에너지 수요 예측 모델)

  • MinWoo Hwang;Yerim Ha;Sanguk Park
    • Journal of Internet Computing and Services
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    • v.24 no.2
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    • pp.47-56
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    • 2023
  • Hydrogen energy is an eco-friendly energy that produces heat and electricity with high energy efficiency and does not emit harmful substances such as greenhouse gases and fine dust. In particular, smart hydrogen energy is an economical, sustainable, and safe future smart hydrogen energy service, which means a service that stably operates based on 'data' by digitally integrating hydrogen energy infrastructure. In this paper, in order to implement a data-based hydrogen charging station demand forecasting model, three hydrogen charging stations (Chuncheon, Sokcho, Pyeongchang) installed in Gangwon-do were selected, supply and demand data of hydrogen charging stations were secured, and 7 machine learning and deep learning algorithms were used. was selected to learn a model with a total of 27 types of input data (weather data + demand for hydrogen charging stations), and the model was evaluated with root mean square error (RMSE). Through this, this paper proposes a machine learning-based hydrogen charging station energy demand prediction model for optimal hydrogen energy supply and demand.

Energy Forecasting Information System of Optimal Electricity Generation using Fuzzy-based RERNN with GPC

  • Elumalaivasan Poongavanam;Padmanathan Kasinathan;Karunanithi Kandasamy;S. P. Raja
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.17 no.10
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    • pp.2701-2717
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    • 2023
  • In this paper, a hybrid fuzzy-based method is suggested for determining India's best system for power generation. This suggested approach was created using a fuzzy-based combination of the Giza Pyramids Construction (GPC) and Recalling-Enhanced Recurrent Neural Network (RERNN). GPC is a meta-heuristic algorithm that deals with solutions for many groups of problems, whereas RERNN has selective memory properties. The evaluation of the current load requirements and production profile information system is the main objective of the suggested method. The Central Electricity Authority database, the Indian National Load Dispatch Centre, regional load dispatching centers, and annual reports of India were some of the sources used to compile the data regarding profiles of electricity loads, capacity factors, power plant generation, and transmission limits. The RERNN approach makes advantage of the ability to analyze the ideal power generation from energy data, however the optimization of RERNN factor necessitates the employment of a GPC technique. The proposed method was tested using MATLAB, and the findings indicate that it is effective in terms of accuracy, feasibility, and computing efficiency. The suggested hybrid system outperformed conventional models, achieving the top result of 93% accuracy with a shorter computation time of 6814 seconds.

Portfolio Analysis on the New Power Generation Sources of the Sixth Basic Plan for Long Term Electricity Demand and Supply (포트폴리오 이론을 활용한 제6차 전력수급기본계획의 신규전원구성 비교 연구)

  • Kim, Juhan;Kim, Jinsoo
    • Environmental and Resource Economics Review
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    • v.23 no.4
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    • pp.583-615
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    • 2014
  • Including the rolling black out in 2011, Korea has suffered from rapid increase of electricity consumption and demand forecasting failure for last five years. In addition, because of the Fukushima disaster, high fuel prices, and introduction of new generation sources such as renewables, the uncertainty on a power supply strategy increases. Consequently, a stable power supply becomes the new agenda and a revisino of strategy for new power generation sources is needed. In the light of this, we appraises the sixth basic plan for long term electricity demand and supply considering the changes of foreign and domestic conditions. We also simulate a strategy for the new power generation sources using a portfolio analysis method. As results, a diversity of power generation sources will increase and the share of renewable power generation will be surged on the assumptions of a cost reduction of renewable power sources and an increase of fuel costs. Particularly, on the range of a risk level(standard deviation) from 0.06 and 0.09, the efficient frontier has the most various power sources. Besides, the existing power plan is not efficient so that an improvement is needed. Lastly, the development of an electricity storage system and energy management system is necessary to make a stable and efficient power supply condition.

A Study on the Prediction of Power Demand for Electric Vehicles Using Exponential Smoothing Techniques (Exponential Smoothing기법을 이용한 전기자동차 전력 수요량 예측에 관한 연구)

  • Lee, Byung-Hyun;Jung, Se-Jin;Kim, Byung-Sik
    • Journal of Korean Society of Disaster and Security
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    • v.14 no.2
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    • pp.35-42
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    • 2021
  • In order to produce electric vehicle demand forecasting information, which is an important element of the plan to expand charging facilities for electric vehicles, a model for predicting electric vehicle demand was proposed using Exponential Smoothing. In order to establish input data for the model, the monthly power demand of cities and counties was applied as independent variables, monthly electric vehicle charging stations, monthly electric vehicle charging stations, and monthly electric vehicle registration data. To verify the accuracy of the electric vehicle power demand prediction model, we compare the results of the statistical methods Exponential Smoothing (ETS) and ARIMA models with error rates of 12% and 21%, confirming that the ETS presented in this paper is 9% more accurate as electric vehicle power demand prediction models. It is expected that it will be used in terms of operation and management from planning to install charging stations for electric vehicles using this model in the future.

Regional Long-term/Mid-term Load Forecasting using SARIMA in South Korea (계절 ARIMA 모형을 이용한 국내 지역별 전력사용량 중장기수요예측)

  • Ahn, Byung-Hoon;Choi, Hoe-Ryeon;Lee, Hong-Chul
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.12
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    • pp.8576-8584
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    • 2015
  • Load forecasting is needed to make supply and demand plan for a stable supply of electricity. It is also necessary for optimal operational plan of the power system planning. In particular, in order to ensure stable power supply, long-term load forecasting is important. And regional load forecasting is important for tightening supply stability. Regional load forecasting is known to be an essential process for the optimal state composition and maintenance of the electric power system network including transmission lines and substations to meet the load required for the area. Therefore, in this paper we propose a forecasting method using SARIMA during the 12 months (long-term/mid-term) load forecasting by 16 regions of the South Korea.