OREANDA-NEWS. NTT DATA Corporation and TSSG have participated in a collaborative research project which started in November 2012 and have jointly developed an energy management solution using Big Data analytics to improve predictions in market intelligence of electricity demand, pricing and renewable generation.

These results herald the beginning of the next phase of this long-term project, focused on facing the global uncertainties of matching future electricity supply and demand.

Ireland’s embracing of renewable energy generation serves as an attractive test-bed in demonstrating the viability of reliance on renewable energy. The joint initiative developed a model that allows energy suppliers to predict energy demand for every 15 minutes in the next 24 hours, using historical data and weather data. By doing this, it successfully counteracts unpredictable factors, such as weather patterns in safeguarding the stability of a national grid infrastructure through leading-edge Big Data algorithms.

In Japan, there are significant opportunities in the electricity generation sector, driven by the impending liberalization and expansion of the electricity market. This expansion also includes demands by government to incorporate substantial levels of renewable energy generation, requiring new and existing power companies to act immediately in this regard.

The research focused on the analysis of historical electricity generation and weather data taken over the previous five years, to produce a predictive model for electricity power generation and pricing over 15 minute intervals. To enhance the accuracy of the algorithm a feedback mechanism was developed to directly address the impact of energy demand on the pricing model. This groundbreaking invention empowers the energy sector with improved visibility on directly matching electricity supply with demand leading to potential operational and cost efficiencies in the market, in essence providing the platform to pass on savings to consumers during times of optimal renewable generation.

NTT DATA and TSSG will expand the collaborative research based on the current results and will aim for building an energy management solution and undertaking a live experiment in the near future.