PriceMining

About Project

Estudo dos preços de mercado utilizando técnicas avançadas de data analytics

Application of advanced data analytics techniques to wholesale electricity market prices (i.e., day-ahead and regulation reserve) in order to extract conclusions from data dependencies, patterns and behaviors. Causality analysis of day-ahead market prices, regulation reserve volume and prices.

Acronym

PriceMining

Responsible

Ricardo Jorge Gomes de Sousa Bento Bessa

Status

Closed

Start

January 1, 2018

End

January 30, 2019

Effective End

January 30, 2019

Global Budget

Financing

Website

Members

Team Leaders

Ricardo Jorge Bessa

Ricardo Bessa was born in 1983 in Viseu, and received his Licenciado (5-years) degree from the Faculty of Engineering of the University of Porto, Portugal (FEUP) in 2006 in Electrical and Computer Engineering. In 2008, he received the M.Sc. degree in Data Analysis and Decision Support Systems from the Faculty of Economics of the University of Porto (FEP). He obtained his Ph.D. degree in the Doctoral Program in Sustainable Energy Systems (MIT Portugal) at FEUP in 2013. Currently, he is Coordinator of the Center for Power and Energy Systems at INESC TEC. He worked on several international projects such as the European Projects FP6 ANEMOS.plus, FP7 SuSTAINABLE, FP7 evolvDSO, Horizon 2020 UPGRID, Horizon 2020 InteGrid, H2020 Smart4RES, H2020 InterConnect, HORIZON ENERSHARE, and an international collaboration with Argonne National Laboratory for the U.S. Department of Energy. At the national level, he participated in the development of renewable energy forecasting systems and consultant services about energy storage and AI. Associate Editor of IEEE Transactions on Sustainable Energy and received the ESIG Excellence Award in 2022. He is co-authors of more than 60 journal papers and 120 conference papers, and IEEE Senior Member.

Team Members

Renato Silva Fernandes

Carla Silva Gonçalves

José Villar

João Paulo Viana

Ricardo Jorge Bessa

Associated Centres

Power and Energy Systems

INESC TEC’s main actor in the energy field is the Centre for Power and Energy Systems (CPES), which falls within the Cluster Energy Systems. We at CPES are internationally recognised for our expertise in the integration of renewable energy in power systems, distributed generation, storage, smart grids and areas traditionally associated with the planning and operation of power systems. The high level of expertise developed has allowed our experts at CPES to take on key roles in important EU projects as part of the successive framework programmes that led to notable scientific and technical advances with considerable impact on industry. This has led to contracts for development and consultancy with companies manufacturing equipment and with generation, transmission and distribution companies, regulators, government agencies and investors in Europe, South America, the United States of America and Africa. At CPES, we address the following main research areas: Decision Making, Optimisation and Computational Intelligence, Forecasting, Static and Dynamic analysis of Energy Grids, Reliability, Power Electronics.