Electricity Market Price-spike Classification in the Smart Grid

被引:0
作者
Datta, Aditi R. [1 ]
Datta, Sohom [2 ]
机构
[1] Arizona State Univ, WP Carey Sch Business, Tempe, AZ 85281 USA
[2] Arizona State Univ, Sch Elect Comp & Energy Engn, Tempe, AZ USA
来源
2016 IEEE POWER & ENERGY SOCIETY INNOVATIVE SMART GRID TECHNOLOGIES CONFERENCE (ISGT) | 2016年
关键词
Data mining; electricity market price forecasting; meter data; naive-bayes classifier; random forest classifier; price spike; price forecasting; smart grid;
D O I
暂无
中图分类号
TP3 [计算技术、计算机技术];
学科分类号
0812 ;
摘要
Accurate electricity market price forecasting is essential for the market participants in the present competitive deregulated electric power industry. In this research, the smart meter data is concomitantly used with the market data to improve price spike forecast. Modern data mining tools like Naive- Bayesian classifier, Random Forest and Artificial Neural Network algorithms have been used for price-spike forecasting. The Australian Energy Market Operator (AEMO) data of Victorian region has been used to train and test the price-spike forecasting methodology. The results show that the usage of smart meter data can have a significant impact on the accuracy of the price-spike forecasts.
引用
收藏
页数:5
相关论文
共 50 条
[31]   Energy Pricing and Dispatch for Smart Grid Retailers Under Demand Response and Market Price Uncertainty [J].
Wei, Wei ;
Liu, Feng ;
Mei, Shengwei .
IEEE TRANSACTIONS ON SMART GRID, 2015, 6 (03) :1364-1374
[32]   A Smart Grid Simulation Framework for Electricity Trading [J].
Angstmann, F. ;
Bracher, A. ;
Bhat, Shrikant ;
Ramaswamy, Srini .
2013 10TH IEEE INTERNATIONAL CONFERENCE ON NETWORKING, SENSING AND CONTROL (ICNSC), 2013, :609-614
[33]   Online Scheduling for Electricity Cost in Smart Grid [J].
Feng, Xin ;
Xu, Yinfeng ;
Zheng, Feifeng .
COMBINATORIAL OPTIMIZATION AND APPLICATIONS, (COCOA 2015), 2015, 9486 :783-793
[34]   Forecasting day-ahead price spikes for the Ontario electricity market [J].
Sandhu, Harmanjot Singh ;
Fang, Liping ;
Guan, Ling .
ELECTRIC POWER SYSTEMS RESEARCH, 2016, 141 :450-459
[35]   Classification of Future Electricity Market Prices [J].
Zareipour, Hamidreza ;
Janjani, Arya ;
Leung, Henry ;
Motamedi, Amir ;
Schellenberg, Antony .
IEEE TRANSACTIONS ON POWER SYSTEMS, 2011, 26 (01) :165-173
[36]   A Smart Market Approach to Coordinate Market and Grid Operations [J].
Naumann, Steffi ;
Warweg, Oliver ;
Klaiber, Stefan ;
Bretschneider, Peter .
2018 15TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET (EEM), 2018,
[37]   A proposal of institutional prerequisites to the participation of virtual power plant in electricity market under the smart grid paradigm [J].
Chung, Koo-Hyung ;
Park, Man-Geun ;
Hur, Don .
Transactions of the Korean Institute of Electrical Engineers, 2015, 64 (03) :375-383
[38]   Electricity demand and price forecasting model for sustainable smart grid using comprehensive long short term memory [J].
Fatema, Israt ;
Kong, Xiaoying ;
Fang, Gengfa .
INTERNATIONAL JOURNAL OF SUSTAINABLE ENGINEERING, 2021, 14 (06) :1714-1732
[39]   Developing a Low Carbon Electricity Economy: Smart Grid and Smart Users [J].
Fayomi, O. S. I. ;
Julian, Maya. ;
Akande, I. G. ;
Atiba, O. E. ;
Ohunakin, O. S. .
TECHNOLOGIES AND MATERIALS FOR RENEWABLE ENERGY, ENVIRONMENT AND SUSTAINABILITY (TMREES19), 2019, 2123
[40]   A framework for electricity price spike analysis with advanced data mining methods [J].
Zhao, Jun Hua ;
Dong, Zhao Yang ;
Li, Xue ;
Wong, Kit Po .
IEEE TRANSACTIONS ON POWER SYSTEMS, 2007, 22 (01) :376-385