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This study presents the development and optimization of a deep learning model based on Long Short-Term Memory (LSTM) networks to predict short-term hourly electricity demand in C\'ordoba, Argentina. Integrating historical consumption data…

A well-performing prediction model is vital for a recommendation system suggesting actions for energy-efficient consumer behavior. However, reliable and accurate predictions depend on informative features and a suitable model design to…

Using hourly energy consumption data recorded by smart meters, retailers can estimate the day-ahead energy consumption of their customer portfolio. Deep neural networks are especially suited for this task as a huge amount of historical…

Electricity markets are highly complex, involving lots of interactions and complex dependencies that make it hard to understand the inner workings of the market and what is driving prices. Econometric methods have been developed for this,…

Using high-quality nation-wide social security data combined with machine learning tools, we develop predictive models of income support receipt intensities for any payment enrolee in the Australian social security system between 2014 and…

While deep learning gradually penetrates operational planning, its inherent prediction errors may significantly affect electricity prices. This letter examines how prediction errors propagate into electricity prices, revealing notable…

Accurate short-term residential energy consumption forecasting at sub-hourly resolution is critical for smart grid management, demand response programmes, and renewable energy integration. While weather variables are widely acknowledged as…

The integration of solar power has been increasing as the green energy transition rolls out. The penetration of solar power challenges the grid stability and energy scheduling, due to its intermittent energy generation. Accurate and near…

Accurate forecasting of electricity consumption is essential to ensure the performance and stability of the grid, especially as the use of renewable energy increases. Forecasting electricity is challenging because it depends on many…

Wind power forecasting has drawn increasing attention among researchers as the consumption of renewable energy grows. In this paper, we develop a deep learning approach based on encoder-decoder structure. Our model forecasts wind power…

Battery energy storage systems can be used for peak demand reduction in power systems, leading to significant economic benefits. Two practical challenges are 1) accurately determining the peak load days and hours and 2) quantifying and…

Probabilistic forecasting, i.e. estimating the probability distribution of a time series' future given its past, is a key enabler for optimizing business processes. In retail businesses, for example, forecasting demand is crucial for having…

In the modern power market, electricity trading is an extremely competitive industry. More accurate price forecast is crucial to help electricity producers and traders make better decisions. In this paper, a novel method of convolutional…

This paper presents a deep learning-based approach for hourly power outage probability prediction within census tracts encompassing a utility company's service territory. Two distinct deep learning models, conditional Multi-Layer Perceptron…

India is expected to witness rapid growth in electricity use over the next two decades. Here, we introduce a custom regression model to project electricity consumption in India over the coming decades, which includes a bottom-up estimate of…

With the evolution of power systems as it is becoming more intelligent and interactive system while increasing in flexibility with a larger penetration of renewable energy sources, demand prediction on a short-term resolution will…

Ability of deep networks to extract high level features and of recurrent networks to perform time-series inference have been studied. In view of universality of one hidden layer network at approximating functions under weak constraints, the…

In low-income settings, the most critical piece of information for electric utilities is the anticipated consumption of a customer. Electricity consumption assessment is difficult to do in settings where a significant fraction of households…

Public charging station occupancy prediction plays key importance in developing a smart charging strategy to reduce electric vehicle (EV) operator and user inconvenience. However, existing studies are mainly based on conventional…

Deep neural networks (DNNs) are powerful types of artificial neural networks (ANNs) that use several hidden layers. They have recently gained considerable attention in the speech transcription and image recognition community (Krizhevsky et…