Comparison of Solar Power Prediction Model Based on Statistical and Artificial Intelligence Model and Analysis of Revenue for Forecasting Policy

Authors

    Jeong-In Lee, Wan-Ki Park, Il-Woo Lee, Sang-Ha Kim Energy ICT Research Section, Electronics and Telecommunications Research Institute, Yuseong, Daejeon 34129, Republic of Korea; Department of Computer Engineering, Chugnam National University, Yuseong, Daejeon 34134, Republic of Korea Energy ICT Research Section, Electronics and Telecommunications Research Institute, Yuseong, Daejeon 34129, Republic of Korea Energy ICT Research Section, Electronics and Telecommunications Research Institute, Yuseong, Daejeon 34129, Republic of Korea Department of Computer Engineering, Chugnam National University, Yuseong, Daejeon 34134, Republic of Korea

Keywords:

Solar forecast, Deep learning, Electric brokerage market, Accuracy incentives

Abstract

Korea is pursuing a plan to switch and expand energy sources with a focus on renewable energy to become carbon neutral by 2050. As the instability of energy supply increases due to the intermittent nature of renewable energy, accurate prediction of the amount of renewable energy generation is becoming more important. Therefore, the government has opened a small-scale power brokerage market and is implementing a system that pays settlements according to the accuracy of renewable energy prediction. In this paper, a prediction model was implemented using a statistical model and an artificial intelligence model for the prediction of solar power generation. In addition, the results of prediction accuracy were compared and analyzed, and the revenue from the settlement amount of the renewable energy generation forecasting system was estimated.

References

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Published

2023-12-31