Partitioning-Clustering Techniques Applied to the Electricity Price Time Series

Clustering is used to generate groupings of data from a large dataset, with the intention of representing the behavior of a system as accurately as possible. In this sense, clustering is applied in this work to extract useful information from the electricity price time series. To be precise, two clustering techniques, K-means and Expectation Maximization, have been utilized for the analysis of the prices curve, demonstrating that the application of these techniques is effective so to split the whole year into different groups of days, according to their prices conduct. Later, this information will be used to predict the price in the short time period. The prices exhibited a remarkable resemblance among days embedded in a same season and can be split into two major kind of clusters: working days and festivities

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

Discovering And Labelling Of Temporal Granularity Patterns In Electric Power Demand With A Brazilian Case Study

Clustering is commonly used to group data in order to represent the behaviour of a system as accurately as possible by obtaining patterns and profiles. In this paper, clustering is applied with partitioning-clustering techniques, specifically, Partitioning around Medoids (PAM) to analyse load curves from a city of South-eastern Brazil in São Paulo state. A top-down approach in time granularity is performed to detect and to label profiles which could be affected by seasonal trends and daily/hourly time blocks. Time-granularity patterns are useful to support the improvement of activities related to distribution, transmission and scheduling of energy supply. Results indicated four main patterns which were post-processed in hourly blocks by using shades of grey to help final-user to understand demand thresholds according to the meaning of dark grey, light grey and white colours. A particular and different behaviour of load curve was identified for the studied city if it is compared to the classical behaviour of urban cities.36357559

Incorporating Power Transmission Bottlenecks into Aggregated Energy System Models

Energy scenario analyses are able to provide insights into the future and possible strategies for coping with challenges such as the integration of renewable energy sources. The models used for analyzing and developing future energy systems must be simplified, e.g., due to computational constraints. Therefore, grid-related effects and regional differences are often ignored. We tackle this issue by presenting a new methodology for aggregating spatially highly resolved transmission grid information for energy system models. In particular, such approaches are required in studies that evaluate the demand for spatially balancing power generation and consumption in future energy systems. Electricity transmission between regions is crucial, especially for scenarios that rely on high shares of renewable energy sources. The presented methodology estimates transmission line congestions by evaluating the nodal price differences and then applies a spectral clustering on these particular link attributes. The objective of the proposed approach is to derive aggregated model instances that preserve information regarding electricity transmission bottlenecks. The resulting models are evaluated against observables such as the annual amount of redispatched power generation. For a selection of defined performance indicators, we find a significantly higher accuracy compared to the commonly used, spatially aggregated models applied in the field of energy scenario analysis

Energy Time Series Forecasting Based on Pattern Sequence Similarity

This paper presents a new approach to forecast the behavior of time series based on similarity of pattern sequences. First, clustering techniques are used with the aim of grouping and labeling the samples from a data set. Thus, the prediction of a data point is provided as follows: first, the pattern sequence prior to the day to be predicted is extracted. Then, this sequence is searched in the historical data and the prediction is calculated by averaging all the samples immediately after the matched sequence. The main novelty is that only the labels associated with each pattern are considered to forecast the future behavior of the time series, avoiding the use of real values of the time series until the last step of the prediction process. Results from several energy time series are reported and the performance of the proposed method is compared to that of recently published techniques showing a remarkable improvement in the prediction.Ministerio de Ciencia y Tecnología TIN2007- 68084-C-00Junta de Andalucia P07-TIC- 0261

Incorporating power transmission bottlenecks into aggregated energy system models

Energy scenario analyses are able to provide insights into the future and possible strategies for coping with challenges such as the integration of renewable energy sources. The models used for analyzing and developing future energy systems must be simplified, e.g., due to computational constraints. Therefore, grid-related effects and regional differences are often ignored. We tackle this issue by presenting a new methodology for aggregating spatially highly resolved transmission grid information for energy system models. In particular, such approaches are required in studies that evaluate the demand for spatially balancing power generation and consumption in future energy systems. Electricity transmission between regions is crucial, especially for scenarios that rely on high shares of renewable energy sources. The presented methodology estimates transmission line congestions by evaluating the nodal price differences and then applies a spectral clustering on these particular link attributes. The objective of the proposed approach is to derive aggregated model instances that preserve information regarding electricity transmission bottlenecks. The resulting models are evaluated against observables such as the annual amount of redispatched power generation. For a selection of defined performance indicators, we find a significantly higher accuracy compared to the commonly used, spatially aggregated models applied in the field of energy scenario analysis

Analysis of market incentives on power system planning and operations in liberalised electricity markets

The design of liberalised electricity markets (e.g., the energy, capacity and ancillary service markets) is a topic of much debate, regarding their ability to trigger adequate investment in generation capacities and to incentivize flexible power system operation. Long-term generation investment (LTGI) models have been widely used as a decision-support tool for generation investments and design of energy policy. Of particular interest is quantification of uncertainty in model outputs (e.g., generation projections or system reliability) given a particular market design while accounting for uncertainties in input data as well as the discrepancies between the model and the reality. Unfortunately, the standard Monte Carlo based techniques for uncertainty quantification require a very large number of model runs which may be impractical to achieve for a complex LTGI model. In order to enable efficient and fully systematic analysis, it is therefore necessary to create an emulator of the full model, which may be evaluated quickly for any input and which quantifies uncertainty in the output of the full model at inputs where it has not been run. The case study shows results from the Great Britain power system exemplar which is representative of LTGI models used in real policy processes. In particular, it demonstrates the application of Bayesian emulation to a complex LTGI model that requires a formal calibration, uncertainty analysis, and sensitivity analysis. In power systems with large amounts of variable generation, it is important to provide sufficient incentives for operating reserves as a main source of generation flexibility. In the traditional unit commitment (UC) model, the demand for operating reserves is fixed and inelastic, which does not reflect the marginal value of operating reserves in avoiding the events of load shedding and wind curtailment. Besides, the system-wide reserve constraint assumes that the operating reserve can be delivered to any location freely, which is not true in real-world power system operations. To recognize the value and deliverability of operating reserves, dynamic zonal operating reserve demand curves are introduced to an enhanced deterministic UC model for co-optimizing the day-ahead schedules for energy and operating reserves. In the case study on the RTS-73 test system, comparisons are made between the choices of reserve policies (e.g., single, seasonal or dynamic zones) and of different reserve zonal partitioning methods. Results suggest that the enhanced deterministic UC model produces on average lower operational cost, higher system reliability and higher energy and reserve revenues than the traditional one. Finally, we discuss future directions of methodological research arising from current energy system challenges and the computer models developed for better understanding of the impacts of market incentives on power system planning and operations