Accurate Demand Forecasting: A Flexible and Balanced Electric Power Production Big Data Virtualization Based on Photovoltaic Power Plant

Seung-Mo Je, Hyeyoung Ko and Jun-Ho Huh
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Seung-Mo Je: Korea Midland Power Co., Ltd., 160 Boryeongbuk-ro, Boryeong 33439, Korea
Hyeyoung Ko: Department of Digital Media Design and Applications, Seoul Women’s University, 621 Hwarang-ro, Nowon-gu, Seoul 01797, Korea
Jun-Ho Huh: Department of Data Informatics, (National) Korea Maritime and Ocean University, 727 Taejong-ro, Yeongdo-gu, Busan 49112, Korea

Energies, 2021, vol. 14, issue 21, 1-31

Abstract: This paper has tried to execute accurate demand forecasting by utilizing big data visualization and proposes a flexible and balanced electric power production big data virtualization based on a photovoltaic power plant. First of all, this paper has tried to align electricity demand and supply as much as possible using big data. Second, by using big data to predict the supply of new renewable energy, an attempt was made to incorporate new and renewable energy into the current power supply system and to recommend an efficient energy distribution method. The first presented problem that had to be solved was the improvement in the accuracy of the existing electricity demand for forecasting models. This was explained through the relationship between the power demand and the number of specific words in the paper that use crawling by utilizing big data. The next problem arose because the current electricity production and supply system stores the amount of new renewable energy by changing the form of energy that is produced through ESS or that is pumped through water power generation without taking the amount of new renewable energy that is generated from sources such as thermal power, nuclear power, and hydropower into consideration. This occurs due to the difficulty of predicting power production using new renewable energy and the absence of a prediction system, which is a problem due to the inefficiency of changing energy types. Therefore, using game theory, the theoretical foundation of a power demand forecasting model based on big data-based renewable energy production forecasting was prepared.

Keywords: electric power production model; power generation systems; web crawling; game theory; renewable; photovoltaic power plant; big data; R-Studio; Python; big data virtualization (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
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