Study on Constructing a Risk Monitoring and Early Warning Model for Transactions in Southern Regional Electricity Market under New Power System Based on Time Series Bayesian Networks

Aiming at the potential risks existing in the power market transaction under the new power system, and considering the temporal attributes of the information, this paper proposes to use dynamic Bayesian network to construct the risk monitoring and early warning model of the power market transaction.The dynamic Bayesian network is utilized to calculate the correlation between different risk factors, estimate the risk value of power market transactions, and classify the warning level.Taking the southern regional electricity market as the research object, the relationship between electricity price and transaction volume is explored based on the experimental dataset.A credit grading system is introduced to carry out transaction prediction simulation experiments, relying on the prediction data to determine the link between electricity price and transaction volume.The results show that overall power price and transaction volume show a negative correlation, but in June, when the power price is 0.4370 yuan per kWh, the transaction volume still reaches 19.65 million kWh, and the inverse relationship between the transaction volume and the price is not obvious.The use of dynamic Bayesian network to construct the power market transaction risk monitoring and early warning model can dynamically update and adjust the risk monitoring with the passage of time, making the power market transaction early warning more flexible and real-time.

Publication Details

Journal
Journal of Combinatorial Mathematics and Combinatorial Computing
Published
2025-04-16
DOI
https://doi.org/10.61091/jcmcc127b-125
Primary Topic
Smart Grid and Power Systems
Type
article
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article

Study on Constructing a Risk Monitoring and Early Warning Model for Transactions in Southern Regional Electricity Market under New Power System Based on Time Series Bayesian Networks

Journal of Combinatorial Mathematics and Combinatorial Computing
Smart Grid and Power Systems
article

Study on Constructing a Risk Monitoring and Early Warning Model for Transactions in Southern Regional Electricity Market under New Power System Based on Time Series Bayesian Networks

article en

Abstract

Aiming at the potential risks existing in the power market transaction under the new power system, and considering the temporal attributes of the information, this paper proposes to use dynamic Bayesian network to construct the risk monitoring and early warning model of the power market transaction.The dynamic Bayesian network is utilized to calculate the correlation between different risk factors, estimate the risk value of power market transactions, and classify the warning level.Taking the southern regional electricity market as the research object, the relationship between electricity price and transaction volume is explored based on the experimental dataset.A credit grading system is introduced to carry out transaction prediction simulation experiments, relying on the prediction data to determine the link between electricity price and transaction volume.The results show that overall power price and transaction volume show a negative correlation, but in June, when the power price is 0.4370 yuan per kWh, the transaction volume still reaches 19.65 million kWh, and the inverse relationship between the transaction volume and the price is not obvious.The use of dynamic Bayesian network to construct the power market transaction risk monitoring and early warning model can dynamically update and adjust the risk monitoring with the passage of time, making the power market transaction early warning more flexible and real-time.

Journal of Combinatorial Mathematics and Combinatorial ComputingVol. 127b
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Openalex Percentile: Top 94%
Smart Grid and Power Systems
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