1. Estimating Demand Flexibility Using Siamese LSTM Neural Networks
- Author
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Qing Xia, Guangchun Ruan, Daniel S. Kirschen, Haiwang Zhong, and Chongqing Kang
- Subjects
FOS: Computer and information sciences ,Flexibility (engineering) ,Computer Science - Machine Learning ,Artificial neural network ,Optimal estimation ,Computer science ,Process (engineering) ,business.industry ,Reliability (computer networking) ,Energy Engineering and Power Technology ,Systems and Control (eess.SY) ,Machine learning ,computer.software_genre ,Electrical Engineering and Systems Science - Systems and Control ,Statistics - Applications ,Regression ,Machine Learning (cs.LG) ,Demand response ,Electric power system ,FOS: Electrical engineering, electronic engineering, information engineering ,Applications (stat.AP) ,Artificial intelligence ,Electrical and Electronic Engineering ,business ,computer - Abstract
There is an opportunity in modern power systems to explore the demand flexibility by incentivizing consumers with dynamic prices. In this paper, we quantify demand flexibility using an efficient tool called time-varying elasticity, whose value may change depending on the prices and decision dynamics. This tool is particularly useful for evaluating the demand response potential and system reliability. Recent empirical evidences have highlighted some abnormal features when studying demand flexibility, such as delayed responses and vanishing elasticities after price spikes. Existing methods fail to capture these complicated features because they heavily rely on some predefined (often over-simplified) regression expressions. Instead, this paper proposes a model-free methodology to automatically and accurately derive the optimal estimation pattern. We further develop a two-stage estimation process with Siamese long short-term memory (LSTM) networks. Here, a LSTM network encodes the price response, while the other network estimates the time-varying elasticities. In the case study, the proposed framework and models are validated to achieve higher overall estimation accuracy and better description for various abnormal features when compared with the state-of-the-art methods., Comment: Author copy of the manuscript submitted to IEEE Trans on Power Systems
- Published
- 2022