Big Data in Energy Economics

Big Data in Energy Economics
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Big Data in Energy Economics

by Hui LiuNikolaos NikitasRui YangYanfei Li

  • Length: 280 pages
  • Edition: 1
  • Language: English
  • Publisher: Springer
  • Publication Date: 2022-02-09

This book combines energy economics and big data modeling analysis in energy conversion and management and comprehensively introduces the relevant theories, key technologies, and application examples of the smart energy economy. With the help of time series big data modeling results, energy economy managers develop reasonable and feasible pricing mechanisms of electricity price and improve the absorption capacity of the power grid. In addition, they also carry out scientific power equipment scheduling and cost–benefit analysis according to the results of data mining, so as to avoid the loss caused by accidental damage of equipment. Energy users adjust their power consumption behavior through the modeling results provided and achieve the effect of energy saving and emission reduction while reasonably reducing the electricity expenditure.

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