LAPSE:2023.3915
Published Article
LAPSE:2023.3915
Electricity Purchase Optimization Decision Based on Data Mining and Bayesian Game
Yajing Gao, Xiaojie Zhou, Jiafeng Ren, Zheng Zhao, Fushen Xue
February 22, 2023
Abstract
The openness of the electricity retail market results in the power retailers facing fierce competition in the market. This article aims to analyze the electricity purchase optimization decision-making of each power retailer with the background of the big data era. First, in order to guide the power retailer to make a purchase of electricity, this paper considers the users’ historical electricity consumption data and a comprehensive consideration of multiple factors, then uses the wavelet neural network (WNN) model based on “meteorological similarity day (MSD)„ to forecast the user load demand. Second, in order to guide the quotation of the power retailer, this paper considers the multiple factors affecting the electricity price to cluster the sample set, and establishes a Genetic algorithm- back propagation (GA-BP) neural network model based on fuzzy clustering (FC) to predict the short-term market clearing price (MCP). Thirdly, based on Sealed-bid Auction (SA) in game theory, a Bayesian Game Model (BGM) of the power retailer’s bidding strategy is constructed, and the optimal bidding strategy is obtained by obtaining the Bayesian Nash Equilibrium (BNE) under different probability distributions. Finally, a practical example is proposed to prove that the model and method can provide an effective reference for the decision-making optimization of the sales company.
Keywords
Bayesian game, fuzzy clustering, load forecasting, power retailer, price forecasting
Suggested Citation
Gao Y, Zhou X, Ren J, Zhao Z, Xue F. Electricity Purchase Optimization Decision Based on Data Mining and Bayesian Game. (2023). LAPSE:2023.3915
Author Affiliations
Gao Y: State Key Laboratory of Alternate Electrical Power System with Renewable Energy Sources, North China Electric Power University, Baoding 071003, China
Zhou X: State Key Laboratory of Alternate Electrical Power System with Renewable Energy Sources, North China Electric Power University, Baoding 071003, China
Ren J: State Key Laboratory of Alternate Electrical Power System with Renewable Energy Sources, North China Electric Power University, Baoding 071003, China
Zhao Z: Department of automation, North China Electric Power University, Baoding 071003, China
Xue F: State Grid Jiangsu Electric Power Co., Ltd., Suzhou Power Supply Branch, Suzhou 215004, China
[Login] to see author email addresses.
Journal Name
Energies
Volume
11
Issue
5
Article Number
E1063
Year
2018
Publication Date
2018-04-26
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en11051063, Publication Type: Journal Article
Record Map
Published Article

LAPSE:2023.3915
This Record
External Link

https://doi.org/10.3390/en11051063
Publisher Version
Download
Files
Feb 22, 2023
Main Article
License
CC BY 4.0
Meta
Record Statistics
Record Views
213
Version History
[v1] (Original Submission)
Feb 22, 2023
 
Verified by curator on
Feb 22, 2023
This Version Number
v1
Citations
Most Recent
This Version
URL Here
https://psecommunity.org/LAPSE:2023.3915
 
Record Owner
Auto Uploader for LAPSE
Links to Related Works
Directly Related to This Work
Publisher Version

[0.28 s]