• Clean Technology
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• v.28 no.2
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• pp.138-146
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• 2022

Electricity has become a factor that dramatically affects the market economy. The day-ahead system marginal price determines electricity prices, and system marginal price forecasting is critical in maintaining energy management systems. There have been several studies using mathematics and machine learning models to forecast the system marginal price, but few studies have been conducted to develop, compare, and analyze various machine learning and deep learning models based on a data-driven framework. Therefore, in this study, different machine learning algorithms (i.e., autoregressive-based models such as the autoregressive integrated moving average model) and deep learning networks (i.e., recurrent neural network-based models such as the long short-term memory and gated recurrent unit model) are considered and integrated evaluation metrics including a forecasting test and information criteria are proposed to discern the optimal forecasting model. A case study of South Korea using long-term time-series system marginal price data from 2016 to 2021 was applied to the developed framework. The results of the study indicate that the autoregressive integrated moving average model (R-squared score: 0.97) and the gated recurrent unit model (R-squared score: 0.94) are appropriate for system marginal price forecasting. This study is expected to contribute significantly to energy management systems and the suggested framework can be explicitly applied for renewable energy networks.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.9
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• pp.1486-1492
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• 2016

This study presents the electrical load forecasting and error correction method using a real building load pattern, and the way to manage the energy storage system with forecasting results for economical load operation. To make a unique pattern of target load, we performed the Hierarchical clustering that is one of the data mining techniques, defined load pattern(group) and forecasted the demand load according to the clustering result of electrical load through the previous study. In this paper, we propose the new reference demand for improving a predictive accuracy of load demand forecasting. In addition we study an error correction method for response of load events in demand load forecasting, and verify the effects of proposed correction method through EMS scheduling simulation with load forecasting correction.

• Journal of The Institute of Information and Telecommunication Facilities Engineering
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• v.9 no.3
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• pp.107-111
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• 2010

This paper is concerned with data center remote management service for demanding forecasting and reduction of energy usage. More particularly, intelligent server rack, mounted on inside of the data center, collects information about energy usage and temperature per server. Using this information, management platform forecasts energy demand in the future and automatically makes report according green environment raw. By providing the remote management service through remote terminals, users are not tied to a time and place to control device inside the data center. In this way, the data center remote management service enhances operability of the facility.

• International Journal of Fuzzy Logic and Intelligent Systems
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• v.12 no.2
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• pp.108-112
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• 2012

A sustainable production of electricity is essential for low carbon green growth in South Korea. The generation of wind power as renewable energy has been rapidly growing around the world. Undoubtedly wind energy is unlimited in potential. However, due to its own intermittency and volatility, there are difficulties in the effective harvesting of wind energy and the integration of wind power into the current electric power grid. To cope with this, many works have been done for wind speed and power forecasting. It is reported that, compared with physical persistent models, statistical techniques and computational methods are more useful for short-term forecasting of wind power. Among them, support vector regression (SVR) has much attention in the literature. This paper proposes an SVR based wind speed forecasting. To improve the forecasting accuracy, a fuzzy clustering is adopted in the process of SVR modeling. An illustrative example is also given by using real-world wind farm dataset. According to the experimental results, it is shown that the proposed method provides better forecasts of wind power.

• KEPCO Journal on Electric Power and Energy
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• v.5 no.3
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• pp.223-228
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• 2019

In order to integrate large amounts of variable generation resources such as wind and solar reliably into power grids, accurate renewable energy forecasting is necessary. Since renewable energy generation output is heavily influenced by environmental variables, accurate forecasting of power generation requires meteorological data at the point where the plant is located. Therefore, a spatial approach is required to predict the meteorological variables at the interesting points. In this paper, we propose the meteorological variable prediction model for enhancing renewable generation output forecasting model. The proposed model is implemented by three geostatistical techniques: Ordinary kriging, Universal kriging and Co-kriging.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.67 no.2
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• pp.158-164
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• 2018

Wind power forecast is critical for efficient power system operation. However, wind power has high forecasting errors due to uncertainty caused by the climate change. These forecasting errors can have an adverse impact on the power system operation. In order to mitigate the issues caused by the wind power forecasting error, wind power curtailment and energy storage system (ESS) can be introduced in the power system. These methods can affect the economics of wind power resources. Therefore, it is necessary to evaluate the economics of the methods for mitigating the wind power forecasting error. This paper attempts to analyze the economics of wind power curtailment and ESS operation for mitigating wind power forecasting error. Numerical simulation results are presented to show the economic impact of wind power curtailment and ESS operation.

• IE interfaces
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• v.24 no.4
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• pp.351-361
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• 2011

Forecasting of electricity demand have difficulty in adapting to abrupt weather changes along with a radical shift in major regional and global climates. This has lead to increasing attention to research on the immediate and accurate forecasting model. Technically, this implies that a model requires only a few input variables all of which are easily obtainable, and its predictive performance is comparable with other competing models. To meet the ends, this paper presents an energy demand forecasting model that uses the variable selection or extraction methods of data mining to select only relevant input variables, and employs support vector regression method for accurate prediction. Also, it proposes a novel performance measure for time-series prediction, shift index, followed by description on preprocessing procedure. A comparative evaluation of the proposed method with other representative data mining models such as an auto-regression model, an artificial neural network model, an ordinary support vector regression model was carried out for obtaining the forecast of monthly electricity demand from 2000 to 2008 based on data provided by Korea Energy Economics Institute. Among the models tested, the proposed method was shown promising results than others.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.25 no.6
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• pp.310-316
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• 2013

This study was designed to investigate a method for short-term, real-time energy demand prediction, to cope with changing loads for the effective operation and management of buildings. Through a case study, a novel methodology for real-time energy demand prediction with the use of weather forecasting data was suggested. To perform the input and output operations of weather data, and to calculate solar radiation and EnergyPlus, the BCVTB (Building Control Virtual Test Bed) was designed. Through the BCVTB, energy demand prediction for the next 24 hours was carried out, based on 4 real-time weather data and 2 solar radiation calculations. The weather parameters used in a model equation to calculate solar radiation were sourced from the weather data of the KMA (Korea Meteorological Administration). Depending on the local weather forecast data, the results showed their corresponding predicted values. Thus, this methodology was successfully applicable to anywhere that local weather forecast data is available.

• Journal of Electrical Engineering and Technology
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• v.10 no.4
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• pp.1480-1491
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• 2015

In new deregulated electricity market, short-term price forecasting is key information for all market players. A better forecast of market-clearing price (MCP) helps market participants to strategically set up their bidding strategies for energy markets in the short-term. This paper presents a new prediction strategy to improve the need for more accurate short-term price forecasting tool at spot market using an artificial neural networks (ANNs). To build the forecasting ANN model, a three-layered feedforward neural network trained by the improved Levenberg-marquardt (LM) algorithm is used to forecast the locational marginal prices (LMPs). To accurately predict LMPs, actual power generation and load are considered as the input sets, and then the difference is used to predict price differences in the spot market. The proposed ANN model generalizes the relationship between the LMP in each area and the unconstrained MCP during the same period of time. The LMP calculation is iterated so that the capacity between the areas is maximized and the mechanism itself helps to relieve grid congestion. The addition of flow between the areas gives the LMPs a new equilibrium point, which is balanced when taking the transfer capacity into account, LMP forecasting is then possible. The proposed forecasting strategy is tested on the spot market of the Nord Pool. The validity, the efficiency, and effectiveness of the proposed approach are shown by comparing with time-series models

• The Transactions of the Korean Institute of Electrical Engineers P
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• v.64 no.2
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• pp.74-78
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• 2015

With the improvement of living standards and economic development, electricity consumption continues to grow. The electricity is a special energy which is hard to store, so its supply must be consistent with the demand. The objective of electricity demand forecasting is to make best use of electricity energy and provide balance between supply and demand. Hence, it is very important work to forecast electricity demand with higher precision. So, various forecasting methods have been developed. They can be divided into five broad categories such as time series models, regression based model, artificial intelligence techniques and fuzzy logic method without considering special-day effects. Electricity demand patterns on holidays can be often idiosyncratic and cause significant forecasting errors. Such effects are known as special-day effects and are recognized as an important issue in determining electricity demand data. In this research, we developed the power demand forecasting method using ELM(Extreme Learning Machine) for special day, particularly, lunar new year and Chuseok holiday.