• 청정기술
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• 제28권2호
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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.

• KSII Transactions on Internet and Information Systems (TIIS)
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• 제18권8호
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• pp.2157-2177
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• 2024

Demand response (DR) refers to the customers' active reaction with respect to the changes of market pricing or incentive policies. DR plays an important role in improving network reliability, minimizing operational cost and increasing end users' benefits. Hence, the integration of DR in the microgrid (MG) management is gaining increasing popularity nowadays. This paper proposes a day-ahead MG scheduling framework in conjunction with DR and investigates the impact of DR in optimizing load profile and reducing overall power generation costs. A linear responsive model considering time of use (TOU) price and incentive is developed to model the active reaction of customers' consumption behaviors. Thereafter, a novel multi-swarm sine cosine algorithm (MSCA) is proposed to optimize the total power generation costs in the framework. In the proposed MSCA, several sub-swarms search for better solutions simultaneously which is beneficial for improving the population diversity. A cooperative learning scheme is developed to realize knowledge dissemination in the population and a competitive substitution strategy is proposed to prevent local optima stagnation. The simulation results obtained by the proposed MSCA are compared with other meta-heuristic algorithms to show its effectiveness in reducing overall generation costs. The outcomes with and without DR suggest that the DR program can effectively reduce the total generation costs and improve the stability of the MG network.

• 한국태양에너지학회 논문집
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• 제39권6호
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• pp.113-125
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• 2019

With the opening of the small power brokerage business market in December 2018, the small power trading market has started in Korea. Operators must submit the day-ahead estimates of power output and receive incentives based on its accuracy. Therefore, the accuracy of power generation forecasts is directly affects profits of the operators. The forecasting process for power generation can be divided into two procedure. The first is to forecast solar irradiation and the second is to transform forecasted solar irradiation into power generation. There are two methods for transformation. One is to simulate with physical model, and another is to use regression model. In this study, we found the best-fit regression model by analyzing hourly data of PV output and solar irradiation data during three years for 242 PV plants in Korea. The best model was not a linear model, but a sigmoidal model and specifically a Gompertz model. The combined linear regression and Gompertz curve was proposed because a the curve has non-zero y-intercept. As the result, R² and RMSE between observed data and the curve was significantly reduced.

• 한국태양에너지학회 논문집
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• 제40권5호
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• pp.13-22
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• 2020

Day ahead forecast is necessary for the electricity market to stabilize the electricity penetration. Numerical weather prediction is usually employed to produce the solar irradiance as well as electric power forecast for longer than 12 hours forecast horizon. Korea Meteorological Administration operates the UM-LDAPS model to produce the 36 hours forecast of hourly total irradiance 4 times a day. This study interpolates the hourly total irradiance into 15 minute instantaneous irradiance and then compare them with observed solar irradiance at four ground stations at 1 minute resolution. Numerical weather prediction model employed here was produced at 00 UTC or 18 UTC from January to December, 2018. To compare the statistical model for the forecast horizon less than 3 hours, smart persistent model is used as a reference model. Relative root mean square error of 15 minute instantaneous irradiance are averaged over all ground stations as being 18.4% and 19.6% initialized at 18 and 00 UTC, respectively. Numerical weather prediction is better than smart persistent model at 1 hour after simulation began.