Abstract
Recently, the prediction of photovoltaic (PV) power has become of paramount importance to improve the expected revenue of PV operators and the effective operations of PV facility systems. Additionally, the precise PV power output prediction in an hourly manner enables more sophisticated strategies for PV operators and markets as the electricity price in a renewable energy market is continuously changing. However, the hourly prediction of PV power outputs is considered as a challenging problem due to the dynamic natures of meteorological information not only in a day but also across days. Therefore, in this paper, we suggest three PV power output prediction methods such as artificial neural network (ANN)-, deep neural network (DNN)-, and long and short term memory (LSTM)-based models that are capable to understand the hidden relationships between meteorological information and actual PV power outputs. In particular, the proposed LSTM based model is designed to capture both hourly patterns in a day and seasonal patterns across days. We conducted the experiments by using a real-world dataset. The experimental results show that the proposed ANN based model fails to yield satisfactory results, and the proposed LSTM based model successfully better performs more than 50% compared to the conventional statistical models in terms of mean absolute error.
Highlights
The importance of photovoltaic (PV) power prediction has been rapidly increasing due to the necessity of the clean energy sources harmless to the environment [1]
As the future price in a renewable energy market is determined by a bidding mechanism between PV operators and renewable market operators, the expected revenue of a PV operator is directly affected by the ability to predict when and how much electricity will be generated in the future [5]
In an electricity market perspective, PV power output prediction is beneficial to improve the effective operation of electrical system for their consumers though approximating the overall level of electricity that is able to be provided by their PV operators [6]
Summary
The importance of photovoltaic (PV) power prediction has been rapidly increasing due to the necessity of the clean energy sources harmless to the environment [1]. The accurate photovoltaic (PV) power output prediction is considered as an essential for maximizing the potential revenues of PV operators due to price fluctuations [5]. As the future price in a renewable energy market is determined by a bidding mechanism between PV operators and renewable market operators, the expected revenue of a PV operator is directly affected by the ability to predict when and how much electricity will be generated in the future [5]. As renewable intraday electricity markets that determine prices in an hourly manner becomes popular [7,8], the sophisticated hourly prediction ability of the PV power output is more required. Power output starts to meaning it is harder to predict the PV power output in winter. PV power output starts to be generated when the sun rises
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