| Autor: |
Bilgi Yilmaz, Christian Laudagé, Ralf Korn, Sascha Desmettre |
| Jazyk: |
angličtina |
| Rok vydání: |
2024 |
| Předmět: |
|
| Zdroj: |
Commodities, Vol 3, Iss 3, Pp 254-280 (2024) |
| Druh dokumentu: |
article |
| ISSN: |
2813-2432 |
| DOI: |
10.3390/commodities3030016 |
| Popis: |
The dynamic structure of electricity markets, where uncertainties abound due to, e.g., demand variations and renewable energy intermittency, poses challenges for market participants. We propose generative adversarial networks (GANs) to generate synthetic electricity price data. This approach aims to provide comprehensive data that accurately reflect the complexities of the actual electricity market by capturing its distribution. Consequently, we would like to equip market participants with a versatile tool for successfully dealing with strategy testing, risk model validation, and decision-making enhancement. Access to high-quality synthetic electricity price data is instrumental in cultivating a resilient and adaptive marketplace, ultimately contributing to a more knowledgeable and prepared electricity market community. In order to assess the performance of various types of GANs, we performed a numerical study on Turkey’s intraday electricity market weighted average price (IDM-WAP). As a key finding, we show that GANs can effectively generate realistic synthetic electricity prices. Furthermore, we reveal that the use of complex variants of GAN algorithms does not lead to a significant improvement in synthetic data quality. However, it requires a notable increase in computational costs. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
|
|
Nepřihlášeným uživatelům se plný text nezobrazuje |
K zobrazení výsledku je třeba se přihlásit.
|
