Attributes of Big Data Analytics for Data-Driven Decision Making in Cyber-Physical Power Systems

Big data analytics is a virtually new term in power system terminology. This concept delves into the way a massive volume of data is acquired, processed, analyzed to extract insight from available data. In particular, big data analytics alludes to applications of artificial intelligence, machine learning techniques, data mining techniques, time-series forecasting methods. Decision-makers in power systems have been long plagued by incapability and weakness of classical methods in dealing with large-scale real practical cases due to the existence of thousands or millions of variables, being time-consuming, the requirement of a high computation burden, divergence of results, unjustifiable errors, and poor accuracy of the model. Big data analytics is an ongoing topic, which pinpoints how to extract insights from these large data sets. The extant article has enumerated the applications of big data analytics in future power systems through several layers from grid-scale to local-scale. Big data analytics has many applications in the areas of smart grid implementation, electricity markets, execution of collaborative operation schemes, enhancement of microgrid operation autonomy, management of electric vehicle operations in smart grids, active distribution network control, district hub system management, multi-agent energy systems, electricity theft detection, stability and security assessment by PMUs, and better exploitation of renewable energy sources. The employment of big data analytics entails some prerequisites, such as the proliferation of IoT-enabled devices, easily-accessible cloud space, blockchain, etc. This paper has comprehensively conducted an extensive review of the applications of big data analytics along with the prevailing challenges and solutions

Big data analytics based short term electricity load forecasting model for residential buildings in smart grids

Electricity load forecasting has always been a significant part of the smart grid. It ensures sustainability and helps utilities to take cost-efficient measures for power system planning and operation. Conventional methods for load forecasting cannot handle huge data that has a nonlinear relationship with load power. Hence an integrated approach is needed that adopts a coordinating procedure between different modules of electricity load forecasting. We develop a novel electricity load forecasting architecture that integrates three modules, namely data selection, extraction, and classification into a single model. First, essential features are selected with the help of random forest and recursive feature elimination methods. This helps reduce feature redundancy and hence computational overhead for the next two modules. Second, dimensionality reduction is realized with the help of a t-stochastic neighbourhood embedding algorithm for the best feature extraction. Finally, the electricity load is forecasted with the help of a deep neural network (DNN). To improve the learning trend and computational efficiency, we employ a grid search algorithm for tuning the critical parameters of the DNN. Simulation results confirm that the proposed model achieves higher accuracy when compared to the standard DNN

Energy Forecasting in Smart Grid Systems: A Review of the State-of-the-art Techniques

Energy forecasting has a vital role to play in smart grid (SG) systems involving various applications such as demand-side management, load shedding, and optimum dispatch. Managing efficient forecasting while ensuring the least possible prediction error is one of the main challenges posed in the grid today, considering the uncertainty and granularity in SG data. This paper presents a comprehensive and application-oriented review of state-of-the-art forecasting methods for SG systems along with recent developments in probabilistic deep learning (PDL) considering different models and architectures. Traditional point forecasting methods including statistical, machine learning (ML), and deep learning (DL) are extensively investigated in terms of their applicability to energy forecasting. In addition, the significance of hybrid and data pre-processing techniques to support forecasting performance is also studied. A comparative case study using the Victorian electricity consumption and American electric power (AEP) datasets is conducted to analyze the performance of point and probabilistic forecasting methods. The analysis demonstrates higher accuracy of the long-short term memory (LSTM) models with appropriate hyper-parameter tuning among point forecasting methods especially when sample sizes are larger and involve nonlinear patterns with long sequences. Furthermore, Bayesian bidirectional LSTM (BLSTM) as a probabilistic method exhibit the highest accuracy in terms of least pinball score and root mean square error (RMSE)

Business intelligence in the electrical power industry

Nowadays, the electrical power industry has gained tremendous interest from both entrepreneurs and researchers due to its essential roles in everyday life. However, the current sources for generating electricity are astonishing decreasing, which leads to more challenges for the power industry. Based on the viewpoint of sustainable development, the solution should maintain three layers of economically, ecologically, and society; simultaneously, support business decision-making, increases organizational productivity and operational energy efficiency. In the smart and innovative technology context, business intelligence solution is considered as a potential option in the data-rich environment, which is still witnessed disjointed theoretical progress. Therefore, this study aimed to conduct a systematic literature review and build a body of knowledge related to business intelligence in the electrical power sector. The author also built an integrative framework displaying linkages between antecedents and outcomes of business intelligence in the electrical power industry. Finally, the paper depicted the underexplored areas of the literature and shed light on the research objectives in terms of theoretical and practical implications

Big Data Analytics in Smart Grids for Renewable Energy Networks: Systematic Review of Information and Communication Technology Tools

El desarrollo industrial y económico de los países industrializados, a partir del siglo XIX, ha ido de la mano del desarrollo de la electricidad, del motor de combustión interna, de los ordenadores, de Internet, de la utilización de datos y del uso intensivo del conocimiento centrado en la ciencia y la tecnología. La mayoría de las fuentes de energía convencionales han demostrado ser finitas y agotables. A su vez, las diferentes actividades de producción de bienes y servicios que utilizan combustibles fósiles y energía convencional, han aumentado significativamente la contaminación del medio ambiente, y con ello, han contribuido al calentamiento global. El objetivo de este trabajo fue realizar una aproximación teórica a las tecnologías de análisis de datos e inteligencia de negocio aplicadas a las redes de sistemas eléctricos inteligentes con energías renovables. Para este trabajo se realizó una revisión bibliométrica y bibliográfica sobre Big Data Analytics, herramientas TIC de la industria 4.0 y Business intelligence en diferentes bases de datos disponibles en el dominio público. Los resultados del análisis indican la importancia del uso de la analítica de datos y la inteligencia de negocio en la gestión de las empresas energéticas. El trabajo concluye señalando cómo se está aplicando la inteligencia de negocio y la analítica de datos en ejemplos concretos de empresas energéticas y su creciente importancia en la toma de decisiones estratégicas y operativasThe industrial and economic development of the industrialized countries, from the nineteenth century, has gone hand in hand with the development of electricity, the internal combustion engine, computers, the Internet, data use and the intensive use of knowledge focused on science and the technology. Most conventional energy sources have proven to be finite and exhaustible. In turn, the different production activities of goods and services using fossil fuels and conventional energy, have significantly increased the pollution of the environment, and with it, contributed to global warming. The objective of this work was to carry out a theoretical approach to data analytics and business intelligence technologies applied to smart electrical-system networks with renewable energies. For this paper, a bibliometric and bibliographic review about Big Data Analytics, ICT tools of industry 4.0 and Business intelligence was carried out in different databases available in the public domain. The results of the analysis indicate the importance of the use of data analytics and business intelligence in the management of energy companies. The paper concludes by pointing out how business intelligence and data analytics are being applied in specific examples of energy companies and their growing importance in strategic and operational decision makinghttps://scienti.minciencias.gov.co/cvlac/visualizador/generarCurriculoCv.do?cod_rh=0000192503https://scholar.google.com/citations?user=9HLAZYUAAAAJ&hl=eshttps://scienti.minciencias.gov.co/gruplac/jsp/visualiza/visualizagr.jsp?nro=00000000005961https://orcid.org/0000-0003-1166-198

Big data analytics in smart grids: a review

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