6 research outputs found

    Short-Term Load Forecasting for an individual building using Shape-based Clustering and Random Forest

    No full text
    Recently, ICT-based smart grid-related businesses have been increasing as distributed energy resources are expanding. The load forecasting is one of the key technologies for the efficient operation of the businesses, so many related studies have been published. However, since loads of individual buildings are more volatile than a large-scale load in general, forecasting individual consumersโ€™ loads is much more challenging and only limited studies have been published. In this paper, we propose a hybrid method to forecast electricity loads of individual buildings in a day-ahead manner. Using DTW similarities in load profiles was calculated focusing on their shapes, and clustering is conducted for pattern recognition. We estimate the pattern for the next day by random forest, and combined historical loads with weather information to forecast the hourly load of the day. For performance evaluation, 1,065 days of building load data were tested. The clustering method in our study provided better quality clusters and the classification model outperformed the benchmark model. Also, the hybrid structure recorded high prediction accuracy compared to a single structure.22Nkc

    Optimal bidding strategy for virtual power plant utilizing multi-stage stochastic dynamic programming

    No full text
    Virtual power plants(VPPs) are being deployed owing to the increase of reliance on distributed energy resources (DERs) as well as the development in the energy storage system (ESS). In this study, we propose an optimal bidding strategy model for VPPs in a day-ahead electricity market. This strategic bidding model aims to maximize the expected profit of VPP, taking into account the uncertainties in demand and DER generation. By generating the scenario tree of forecast error, we quantify the uncertain factors. Finally, the problem is modeled as the multi-stage stochastic dynamic program where the bidding decision is made in the first stage and the operation of ESS in the remaining stages. The effectiveness of the proposed strategy has been assessed on a real case study.1
    corecore