Aggregating the data value of multiple application scenarios: a case from electricity market

Electricity market data has diverse application scenarios, making it essential to aggregate value across these scenarios for accurate data evaluation. This paper establishes a multidimensional data value evaluation and aggregation model for data samples, incorporating carbon emission reduction and price forecasting scenarios. These values are based on load forecasting for emissions reduction and electricity price forecasting for power sales company profits. TMC algorithm is used to quickly compute the aggregated value, which is represented by the Shapley value, of data samples. A case study of 183 data samples of electricity market from April to October 2023 in Hebei Province, China, was conducted. The analysis considered three weighting situations, showing that the aggregated value of a single sample ranged from [-300, 300] thousand yuan. Under different situations, the weight allocation strongly influences the distribution of values, with samples from mid-June to late July showing higher aggregated values.

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Published
2024-11-29
DOI
https://doi.org/10.1109/ei264398.2024.10991947
Primary Topic
Smart Grid Energy Management
Type
article
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Aggregating the data value of multiple application scenarios: a case from electricity market

Junkang Chen, Wen Xie, Jiayi Han, Shijie Ji et al.
Smart Grid Energy Management
article

Aggregating the data value of multiple application scenarios: a case from electricity market

Junkang Chen, Wen Xie, Jiayi Han, Shijie Ji, Ning Yang
article en

Abstract

Electricity market data has diverse application scenarios, making it essential to aggregate value across these scenarios for accurate data evaluation. This paper establishes a multidimensional data value evaluation and aggregation model for data samples, incorporating carbon emission reduction and price forecasting scenarios. These values are based on load forecasting for emissions reduction and electricity price forecasting for power sales company profits. TMC algorithm is used to quickly compute the aggregated value, which is represented by the Shapley value, of data samples. A case study of 183 data samples of electricity market from April to October 2023 in Hebei Province, China, was conducted. The analysis considered three weighting situations, showing that the aggregated value of a single sample ranged from [-300, 300] thousand yuan. Under different situations, the weight allocation strongly influences the distribution of values, with samples from mid-June to late July showing higher aggregated values.

Peking University (CN)
Openalex Percentile: Top 72%
Smart Grid Energy Management
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Aggregating the data value of multiple application scenarios: a case from electricity market — Junkang Chen, Wen Xie, et al. · (2024) | TGRS Research Map | TGRS