Applied Energy,
Journal Year:
2024,
Volume and Issue:
374, P. 123920 - 123920
Published: July 31, 2024
Digital
technologies
with
predictive
modelling
capabilities
are
revolutionizing
electricity
markets,
especially
in
demand-side
management.
Accurate
price
prediction
is
essential
deregulated
markets;
however,
developing
effective
models
challenging
due
to
high-frequency
fluctuations
and
volatility.
This
study
introduces
a
hybrid
system
that
addresses
these
challenges
through
comprehensive
data
processing
framework
for
half-hourly
predictions.
The
preprocessing
stage
employs
the
Maximum
Overlap
Discrete
Wavelet
Transform
(MoDWT)
enhance
input
quality
by
reducing
overlap
revealing
underlying
patterns.
model
integrates
Convolutional
Neural
Networks
Random
Vector
Functional
Link
(CRVFL)
deep
learning
approach.
Bayesian
Optimization
fine-tunes
MoDWT-CRVFL
optimal
performance.
Validation
of
conducted
using
prices
from
New
South
Wales.
results
highlight
efficacy
model,
achieving
high
accuracy
superior
Global
Performance
Indicator
(GPI)
values
approximately
1.61,
1.33,
1.85,
1.30,
0.78
Summer,
Autumn,
Winter,
Spring,
Annual
(Year
2022),
respectively,
outperforming
alternative
models.
Similarly,
Kling–Gupta
Efficiency
(KGE)
metrics
proposed
consistently
surpassed
those
both
decomposition-based
standalone
For
instance,
KGE
value
was
0.972,
significantly
higher
than
0.958,
0.899,
0.963,
0.943,
0.930,
0.661,
0.708,
0.696,
0.739,
0.738
MoDWT-LSTM,
MoDWT-DNN,
MoDWT-XGB,
MoDWT-RF,
MoDWT-MLP,
Bi-LSTM,
LSTM,
DNN,
RF,
XGB,
MLP,
respectively.
methodologies
this
optimize
energy
resource
allocation,
market
prices,
network
management,
empowering
operators
make
informed
decisions
resilient
efficient
market.
Energy Conversion and Management,
Journal Year:
2023,
Volume and Issue:
297, P. 117707 - 117707
Published: Oct. 5, 2023
Predicting
electricity
demand
(G)
is
crucial
for
grid
operation
and
management.
In
order
to
make
reliable
predictions,
model
inputs
must
be
analyzed
predictive
features
before
they
can
incorporated
into
a
forecast
model.
this
study,
hybrid
multi-algorithm
framework
developed
by
incorporating
Artificial
Neural
Networks
(ANN),
Encoder-Decoder
Based
Long
Short-Term
Memory
(EDLSTM)
Improved
Complete
Ensemble
Empirical
Mode
Decomposition
with
Adaptive
Noise
(ICMD).
Following
the
partitioning
of
data,
G
time-series
are
decomposed
multiple
using
ICEEMDAN
algorithm,
partial
autocorrelation
applied
training
sets
determine
lagged
features.
We
combine
where
components
highest
frequency
predicted
an
ANN
model,
while
remaining
EDLSTM
To
generate
results,
all
IMF
components'
predictions
merged
ICMD-ANN-EDLSTM
models.
A
comparison
made
between
objective
standalone
models
(ANN,
RFR,
LSTM),
(CLSTM),
three
decomposition-based
on
Relative
Mean
Absolute
Error
at
Duffield
Road
substation
was
≈2.82%,
≈4.15%,
≈3.17%,
≈6.41%,
≈6.60%,
≈6.49%,
≈6.602%,
compared
ICMD-RFR-LSTM,
ICMD-RFR-CLSTM,
LSTM,
CLSTM,
ANN.
According
statistical
score
metrics,
performed
better
than
other
benchmark
Further,
results
show
that
not
only
detect
seasonality
in
but
also
predict
analyze
market
add
valuable
insight
analysis.
Energy and AI,
Journal Year:
2023,
Volume and Issue:
14, P. 100302 - 100302
Published: Sept. 23, 2023
This
paper
develops
a
trustworthy
deep
learning
model
that
considers
electricity
demand
(G)
and
local
climate
conditions.
The
utilises
Multi-Head
Self-Attention
Transformer
(TNET)
to
capture
critical
information
from
G,
attain
reliable
predictions
with
(rainfall,
radiation,
humidity,
evaporation,
maximum
minimum
temperatures)
data
Energex
substations
in
Queensland,
Australia.
TNET
is
then
evaluated
models
(Long-Short
Term
Memory
LSTM,
Bidirectional
LSTM
BILSTM,
Gated
Recurrent
Unit
GRU,
Convolutional
Neural
Networks
CNN,
Deep
Network
DNN)
based
on
robust
assessment
metrics.
Kernel
Density
Estimation
method
used
generate
the
prediction
interval
(PI)
of
forecasts
derive
probability
metrics
results
show
developed
accurate
for
all
substations.
study
concludes
proposed
predictive
tool
has
high
accuracy
low
errors
could
be
employed
as
stratagem
by
modellers
energy
policy-makers
who
wish
incorporate
climatic
factors
into
patterns
develop
national
market
insights
analysis
systems.
Ocean Engineering,
Journal Year:
2024,
Volume and Issue:
295, P. 116917 - 116917
Published: Jan. 31, 2024
The
safety
of
maritime
operations
has
become
a
paramount
concern
with
the
advancement
intelligent
ships.
Ship
stability
and
are
directly
impacted
by
roll
motion,
making
prediction
short-term
ship
motion
pivotal
for
assisting
navigators
in
timely
adjustments
averting
hazardous
conditions.
However,
predicting
poses
challenges
due
to
nonlinear
dynamics.
This
study
aims
predict
leveraging
encoder–decoder
structure
Bidirectional
Long
Short-Term
Memory
Networks
(Bi-LSTM)
teacher
forcing.
model
is
accomplished
employing
an
map
input
sequences
output
varying
lengths,
forcing
enhance
network’s
ability
extract
information.
To
refine
analyze
model,
aspects
such
as
quantity
training
data
guarantee
generalization,
establishing
apposite
length
relationships
between
sequences,
assessing
performance
various
sea
states
investigated.
Additionally,
comparative
experiments
intervals
10s,
30
s,
60
120
s
conducted
substantiate
necessity
effectiveness
proposed
network.
dataset
originates
from
commercial
professional
simulator
developed
Norwegian
company
Offshore
Simulator
Center
AS
(OSC).
Applied Energy,
Journal Year:
2024,
Volume and Issue:
374, P. 123920 - 123920
Published: July 31, 2024
Digital
technologies
with
predictive
modelling
capabilities
are
revolutionizing
electricity
markets,
especially
in
demand-side
management.
Accurate
price
prediction
is
essential
deregulated
markets;
however,
developing
effective
models
challenging
due
to
high-frequency
fluctuations
and
volatility.
This
study
introduces
a
hybrid
system
that
addresses
these
challenges
through
comprehensive
data
processing
framework
for
half-hourly
predictions.
The
preprocessing
stage
employs
the
Maximum
Overlap
Discrete
Wavelet
Transform
(MoDWT)
enhance
input
quality
by
reducing
overlap
revealing
underlying
patterns.
model
integrates
Convolutional
Neural
Networks
Random
Vector
Functional
Link
(CRVFL)
deep
learning
approach.
Bayesian
Optimization
fine-tunes
MoDWT-CRVFL
optimal
performance.
Validation
of
conducted
using
prices
from
New
South
Wales.
results
highlight
efficacy
model,
achieving
high
accuracy
superior
Global
Performance
Indicator
(GPI)
values
approximately
1.61,
1.33,
1.85,
1.30,
0.78
Summer,
Autumn,
Winter,
Spring,
Annual
(Year
2022),
respectively,
outperforming
alternative
models.
Similarly,
Kling–Gupta
Efficiency
(KGE)
metrics
proposed
consistently
surpassed
those
both
decomposition-based
standalone
For
instance,
KGE
value
was
0.972,
significantly
higher
than
0.958,
0.899,
0.963,
0.943,
0.930,
0.661,
0.708,
0.696,
0.739,
0.738
MoDWT-LSTM,
MoDWT-DNN,
MoDWT-XGB,
MoDWT-RF,
MoDWT-MLP,
Bi-LSTM,
LSTM,
DNN,
RF,
XGB,
MLP,
respectively.
methodologies
this
optimize
energy
resource
allocation,
market
prices,
network
management,
empowering
operators
make
informed
decisions
resilient
efficient
market.