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The scheduling and operation of power system becomes prominently complex and uncertain, especially with the penetration of distributed power. Load forecasting matters to the effective operation of power system. This paper proposes a novel…

Computational Engineering, Finance, and Science · Computer Science 2019-05-10 Tinghui Ouyang , Yusen He , Huajin Li , Zhiyu Sun , Stephen Baek

The recent research report of U.S. Department of Energy prompts us to re-examine the pricing theories applied in electricity market design. The theory of spot pricing is the basis of electricity market design in many countries, but it has…

Econometrics · Economics 2017-10-24 Haoyong Chen , Lijia Han

The growing deployment of electric mobility calls for power system analyses to investigate to what extent the simultaneous charging of electric vehicles leads to degraded network operation and to validate the efficiency of countermeasures.…

Systems and Control · Electrical Eng. & Systems 2023-02-09 Davide del Giudice , Angelo Maurizio Brambilla , Federico Bizzarri , Daniele Linaro , Samuele Grillo

Electrification of transport compounded with climate change will transform hourly load profiles and their response to weather. Power system operators and EV charging stakeholders require such high-resolution load profiles for their planning…

Systems and Control · Electrical Eng. & Systems 2024-03-08 Samrat Acharya , Malini Ghosal , Travis Thurber , Casey D. Burleyson , Yang Ou , Allison Campbell , Gokul Iyer , Nathalie Voisin , Jason Fuller

Short Term Load forecasting in this paper uses input data dependent on parameters such as load for current hour and previous two hours, temperature for current hour and previous two hours, wind for current hour and previous two hours, cloud…

Neural and Evolutionary Computing · Computer Science 2009-12-08 Mrs. J. P. Rothe , Dr. A. K. Wadhwani , Dr. Mrs. S. Wadhwani

Daily electricity consumption forecasting is a classical problem. Existing forecasting algorithms tend to have decreased accuracy on special dates like holidays. This study decomposes the daily electricity consumption series into three…

Machine Learning · Computer Science 2023-10-25 Zhou Lan , Ben Liu , Yi Feng , Danhuang Dong , Peng Zhang

Short-term load forecasting (STLF) is challenging due to complex time series (TS) which express three seasonal patterns and a nonlinear trend. This paper proposes a novel hybrid hierarchical deep learning model that deals with multiple…

Machine Learning · Computer Science 2021-12-07 Slawek Smyl , Grzegorz Dudek , Paweł Pełka

In this work we considered several hybrid modelling approaches for forecasting energy spot prices in EPEC market. Hybridization is performed through combining a Naive model, Fourier analysis, ARMA and GARCH models, a mean-reversion and…

Statistical Finance · Quantitative Finance 2020-10-19 Tahir Miriyev , Alessandro Contu , Kevin Schafers , Ion Gabriel Ion

For marketing or power grid management purposes, many studies based on the analysis of the total electricity consumption curves of groups of customers are now carried out by electricity companies. Aggregated total or mean load curves are…

Methodology · Statistics 2018-06-28 Hervé Cardot , Anne De Moliner Anne , Camelia Goga

Widespread utilization of electric vehicles (EVs) incurs more uncertainties and impacts on the scheduling of the power-transportation coupled network. This paper investigates optimal power scheduling for a power-transportation coupled…

Systems and Control · Electrical Eng. & Systems 2022-12-06 Haoran Deng , Bo Yang , Chao Ning , Cailian Chen , Xinping Guan

Shaping multi-megawatt loads, such as data centers, impacts generator dispatch on the electric grid, which in turn affects system CO2 emissions and energy cost. Substantiating the effectiveness of prevalent load shaping strategies, such as…

Accurate forecasting of the grid carbon intensity factor (CIF) is critical for enabling demand-side management and reducing emissions in modern electricity systems. Leveraging multiple interrelated time series, CIF prediction is typically…

Machine Learning · Computer Science 2026-01-13 Bowen Zhang , Hongda Tian , Adam Berry , A. Craig Roussac

Recent studies concerning the point electricity price forecasting have shown evidence that the hourly German Intraday Continuous Market is weak-form efficient. Therefore, we take a novel, advanced approach to the problem. A probabilistic…

Statistical Finance · Quantitative Finance 2021-02-02 Michał Narajewski , Florian Ziel

Highly accurate interval forecasting of electricity demand is fundamental to the success of reducing the risk when making power system planning and operational decisions by providing a range rather than point estimation. In this study, a…

Machine Learning · Computer Science 2014-06-17 Tao Xiong , Yukun Bao , Zhongyi Hu

The electrification of heavy-duty vehicles (HDEVs) is a rapidly emerging avenue for decarbonization of energy and transportation sectors. Compared to light duty vehicles, HDEVs exhibit unique travel and charging patterns over long…

Systems and Control · Electrical Eng. & Systems 2023-11-28 Apurv Shukla , Rayan El Helou , Le Xie

Advancing lithium-ion batteries (LIBs) in both design and usage is key to promoting electrification in the coming decades to mitigate human-caused climate change. Inadequate understanding of LIB degradation is an important bottleneck that…

Machine Learning · Computer Science 2024-04-04 Jing Lin , Yu Zhang , Edwin Khoo

The world is facing major challenges related to global warming and emissions of greenhouse gases is a major causing factor. In 2017, energy industries accounted for 46% of all CO2 emissions globally, which shows a large potential for…

Applications · Statistics 2021-10-20 Neeraj Bokde , Bo Tranberg , Gorm Bruun Andresen

Replacing a portion of current light duty vehicles (LDV) with plug-in hybrid electric vehicles (PHEVs) offers the possibility to reduce the dependence on petroleum fuels together with environmental and economic benefits. The charging…

Machine Learning · Computer Science 2016-04-18 Marco Pellegrini , Farshad Rassaei

Numerous methods have been proposed for forecasting load for normal days. Modeling of anomalous load, however, has often been ignored in the research literature. Occurring on special days, such as public holidays, anomalous load conditions…

Applications · Statistics 2016-11-18 Siddharth Arora , James W. Taylor

Load forecasting is one of the most important and studied topics in modern power systems. Most of the existing researches on day-ahead load forecasting try to build a good model to improve the forecasting accuracy. The forecasted load is…

Systems and Control · Electrical Eng. & Systems 2020-08-18 Jiayu Han , Lei Yan , Zuyi Li