Optimization of Marginal Price Forecasting in Mexico through applying Machine Learning Models
The Local Marginal Price (LMP) represents the value of energy at a specific moment and location, and its proper management is crucial for the development of the country's strategic sectors. This study compares the ADR, RPSG, SARIMA, and LSTM-H models for predicting the LMP, achieving an approximate effectiveness of 88%. By implementing it in 28 nodes of the three interconnection systems (SIN, BCA, and BCS) in Mexico, the results of the enhanced LSTM network analysis are presented through sensitivity analysis and an ensemble with Prophet, yielding the following metrics: MAE: 0.0189, MSE: 0.0101, RMSE: 0.1007, and MAPE: 12.18, at node 05PAR-115 in Hidalgo del Parral, Chihuahua. This model can construct tree diagrams (ADR) that identify the critical variables for predicting the LMP of any node, significantly contributing to the accuracy of predictive analysis models.
Authors
- N. Flores
- Gustavo Figueroa (ORCID: https://orcid.org/0000-0003-0764-045X)
- Alberto Alfonso Aguilar Lasserre (ORCID: https://orcid.org/0000-0001-9813-9657)
- Marcos Escobar
- Marco Julio Del Moral Argumedo
Institutions
- Tecnológico Nacional de México (MX)
- Instituto Nacional de Electricidad y Energías Limpias (MX)
- Instituto Tecnologico de Orizaba (MX)
Publication Details
- Journal
- International Journal of Combinatorial Optimization Problems and Informatics.
- Published
- 2024-11-04
- DOI
- https://doi.org/10.61467/2007.1558.2024.v15i4.493
- Citations
- 1
- Primary Topic
- Global Trade and Competitiveness
- Type
- article
- Field-Weighted Citation Impact
- 0.55