Secondary Reserve Marginal Band Price Prediction with Classical and Machine Learning Based Techniques

التفاصيل البيبلوغرافية
العنوان: Secondary Reserve Marginal Band Price Prediction with Classical and Machine Learning Based Techniques
المؤلفون: Cardo Miota, Javier, Beltran, Hector, Pérez, Emilio, Sansano-Sansano, Emilio
بيانات النشر: IEEE
سنة النشر: 2024
المجموعة: Repositori Universitat Jaume I (Repositorio UJI)
مصطلحات موضوعية: ancillary services, electricity price forecasting, statistical analysis, machine learning
الوصف: As a consequence of the continuous growth being experienced by renewable energy systems, the role of the different ancillary services is becoming essential for the reliable operation of the electric system. This paper develops a methodology for estimating the secondary reserve marginal band price in the Iberian electricity market using four forecasting techniques: two classical models (ARIMAX and SARIMAX) and two machine learning models (Random Forest and Support Vector Regression). The methodology involves a Pearson correlation analysis and a Sequential Forward Selection algorithm to select the relevant model inputs and exogenous variables. A statistical data analysis is conducted to examine the temporal characteristics of the target variable and a data-preprocessing is performed for the proper implementation of the models. A grid search and a sequential division cross-validation are applied to determine the optimal parameters of the models. The performance is evaluated using three statistical metrics. The results show that the Random Forest model outperforms the other models, achieving the lowest MAE (2.40 e/MW) and RMSE (3.40 e/MW) values.
نوع الوثيقة: conference object
اللغة: English
ردمك: 979-83-503-3182-0
العلاقة: ECON 2023-49th Annual Conference of the IEEE Industrial Electronics Society. IEEE, 2023. p. 1-6.; https://ieeexplore.ieee.org/abstract/document/10311889Test; CARDO-MIOTA, J., et al. Secondary Reserve Marginal Band Price Prediction with Classical and Machine Learning Based Techniques. In: IECON 2023-49th Annual Conference of the IEEE Industrial Electronics Society. IEEE, 2023. p. 1-6.; http://hdl.handle.net/10234/207248Test
الإتاحة: http://hdl.handle.net/10234/207248Test
حقوق: http://rightsstatements.org/vocab/InC/1.0Test/ ; info:eu-repo/semantics/restrictedAccess
رقم الانضمام: edsbas.7A83C1E0
قاعدة البيانات: BASE