Application of smart grid big data analysis in electricity price mechanism design and economic evaluation

Weihong Cao; Yuankun Jiang; Jie Yang

doi:10.1117/12.3054859

11 December 2024 Application of smart grid big data analysis in electricity price mechanism design and economic evaluation

Weihong Cao, Yuankun Jiang, Jie Yang

Author Affiliations +

Proceedings Volume 13445, International Conference on Electronics, Electrical and Information Engineering (ICEEIE 2024); 1344537 (2024) https://doi.org/10.1117/12.3054859
Event: International Conference on Electronics. Electrical and Information Engineering (ICEEIE 2024), 2024, Haikou, China

Abstract

This research explores the application of smart grid extensive data analysis in electricity price mechanism design and economic evaluation. A thorough analysis of power load data, user behavior data, and meteorological data is conducted to establish an optimized electricity price mechanism. This mechanism is expected to enhance the economic benefits of the power system and ensure its stability. First, the study uses big data technology to achieve accurate collection and processing of multi-source data, providing detailed data support for the design of electricity price mechanisms. Secondly, through time series analysis and regression modeling, the impact of the electricity price mechanism on the electricity market and user behavior was assessed. The results showed that the dynamic electricity price mechanism can significantly improve economic benefits in different seasons and load conditions. Empirical studies further prove that the optimized electricity price mechanism is effective in flattening the fluctuation of load and improving the balance between supply and demand. This study concludes that big data analytics in smart grids can optimize the electricity price mechanism and significantly enhance the economic benefits of the power system, providing a scientific basis for the sustainable development of smart grids.

(2024) Published by SPIE. Downloading of the abstract is permitted for personal use only.

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Weihong Cao, Yuankun Jiang, and Jie Yang "Application of smart grid big data analysis in electricity price mechanism design and economic evaluation", Proc. SPIE 13445, International Conference on Electronics, Electrical and Information Engineering (ICEEIE 2024), 1344537 (11 December 2024); https://doi.org/10.1117/12.3054859

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KEYWORDS

Data analysis

Design

Power grids

Data processing

Meteorology

Data storage

Data modeling

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