Scenario-based probabilistic forecasts have become vital for decision-makers in handling intermittent renewable energies. This paper presents a recent promising deep learning generative approach called denoising diffusion probabilistic models. It is a class of latent variable models which have recently demonstrated impressive results in the computer vision community. However, to our knowledge, there has yet to be a demonstration that they can generate high-quality samples of load, PV, or wind power time series, crucial elements to face the new challenges in power systems applications. Thus, we propose the first implementation of this model for energy forecasting using the open data of the Global Energy Forecasting Competition 2014. The results demonstrate this approach is competitive with other state-of-the-art deep learning generative models, including generative adversarial networks, variational autoencoders, and normalizing flows.
@article{arxiv.2212.02977,
title = {Denoising diffusion probabilistic models for probabilistic energy forecasting},
author = {Esteban Hernandez Capel and Jonathan Dumas},
journal= {arXiv preprint arXiv:2212.02977},
year = {2023}
}
Comments
Version accepted to Powertech 2023. arXiv admin note: text overlap with arXiv:2106.09370, arXiv:2107.01034