Power Grid Bottleneck Forecasting System
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Solution Overview
Problem
Current systems lack an efficient and comprehensive method to provide real-time and forecasted information on power control in electricity grids, particularly due to grid bottlenecks caused by renewable energy fluctuations, which affects electricity prices and trading strategies.
Innovation Solution
A system that receives and processes real-time data from various electronic databases to provide linked and customizable information for trading participants, using a processing device that aggregates data on power generation reductions and forecasts, enhancing market positioning through precise and comprehensive insights.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If real-time data from multiple electronic databases is collected and processed to provide comprehensive power control information, then the information completeness and usefulness for trading participants is improved, but the system complexity and data processing requirements increase
Solution Approach 1:
The system segments the complex task of real-time power control information provision into distinct functional modules: a receiving device for collecting data from multiple electronic databases, a processing device for evaluating and analyzing the collected data, and an output interface for providing processed information to trading participants. This segmentation manages system complexity while maintaining information completeness.
Solution Approach 2:
The patent introduces an intermediary processing device that acts as a mediator between the multiple electronic databases and the trading participants. This intermediary collects, standardizes, evaluates, and processes data from various sources before presenting it in a unified, useful format, thereby managing the complexity of integrating multiple data sources while ensuring comprehensive information delivery.
2Loss of information
If real-time data processing and evaluation is performed to provide actionable insights, then the usefulness for market strategies is improved, but the processing time and computational resources increase
Solution Approach 1:
The system performs preliminary actions by continuously collecting and pre-processing power control data from electronic databases in real-time, evaluating feed-in management measures before they fully impact the market. This allows trading participants to receive processed, actionable information with minimal delay, improving usefulness without excessive processing time penalty.
Solution Approach 2:
The system implements feedback mechanisms where the processing device continuously evaluates collected data, identifies relevant patterns and trends, and provides updated information to trading participants. This continuous feedback loop ensures that the information remains current and actionable, balancing processing time with information usefulness.
3Productivity
If detailed information on feed-in management measures is provided to trading participants, then the ability to optimize trading strategies is improved, but the data transmission and processing load increase
Solution Approach 1:
The processing device extracts only the most relevant and actionable information from the collected data, focusing on feed-in management measures that directly impact trading decisions. By extracting and providing only essential information rather than processing and transmitting all available data, the system improves trading optimization capability while reducing data processing energy consumption.
Data Source
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AI summary
The present invention relates to a system (10) for providing information, in particular real-time information and/or forecast information, regarding power control of at least one power grid (12), wherein the power grid (12) comprises at least one transmission network (12) and/or at least one distribution network (12), and wherein the power grid (12) is interconnected with several, in particular regenerative or renewable, power generation plants (14), wherein the system (10) comprises at least one receiving device (16) for receiving data, in particular real-time data and/or forecast data, from at least one electronic database (18), which is connected to the receiving device (16) via a network (20), wherein the data are associated with a shutdown and/or reduction of the power generation plants (14) as a result of feed-in management of the power grid.wherein the system (10) further comprises a processing and/or computing facility (22) for processing this data so that it can be linked and/or made available as information.