Related papers: Electricity consumption forecasting method based o…
An elementary Recurrent Neural Network that operates on p time lags, called an RNN(p), is the natural generalisation of a linear autoregressive model ARX(p). It is a powerful forecasting tool for variables displaying inherent seasonal…
We consider the problem of power demand forecasting in residential micro-grids. Several approaches using ARMA models, support vector machines, and recurrent neural networks that perform one-step ahead predictions have been proposed in the…
Electric consumption prediction methods are investigated for many reasons such as decision-making related to energy efficiency as well as for anticipating demand in the energy market dynamics. The objective of the present work is the…
As a result of increasing population and globalization, the demand for energy has greatly risen. Therefore, accurate energy consumption forecasting has become an essential prerequisite for government planning, reducing power wastage and…
Precise day-ahead forecasts for electricity prices are crucial to ensure efficient portfolio management, support strategic decision-making for power plant operations, enable efficient battery storage optimization, and facilitate demand…
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…
Due to the extremely volatile nature of financial markets, it is commonly accepted that stock price prediction is a task full of challenge. However in order to make profits or understand the essence of equity market, numerous market…
The accuracy of the household electricity consumption forecast is vital in taking better cost effective and energy efficient decisions. In order to design accurate, proper and efficient forecasting model, characteristics of the series have…
This article presents a new hybrid algorithm, crossover binary particle swarm optimization (crBPSO), for allocating resources in local energy systems via multi-agent (MA) technology. Initially, a hierarchical MA-based architecture in a…
The increasing use of renewable energy sources with variable output, such as solar photovoltaic and wind power generation, calls for Smart Grids that effectively manage flexible loads and energy storage. The ability to forecast consumption…
The prediction of electrical power in combined cycle power plants is a key challenge in the electrical power and energy systems field. This power output can vary depending on environmental variables, such as temperature, pressure, and…
Electricity load consumption may be extremely complex in terms of profile patterns, as it depends on a wide range of human factors, and it is often correlated with several exogenous factors, such as the availability of renewable energy and…
The smart grid vision entails advanced information technology and data analytics to enhance the efficiency, sustainability, and economics of the power grid infrastructure. Aligned to this end, modern statistical learning tools are leveraged…
This paper employs machine learning algorithms to forecast German electricity spot market prices. The forecasts utilize in particular bid and ask order book data from the spot market but also fundamental market data like renewable infeed…
Most electricity systems worldwide are deploying advanced metering infrastructures to collect relevant operational data. In particular, smart meters allow tracking electricity load consumption at a very disaggregated level and at high…
The electricity consumption of buildings composes a major part of the city's energy consumption. Electricity consumption forecasting enables the development of home energy management systems resulting in the future design of more…
This paper presents a novel probabilistic data-driven approach to trip-level energy consumption estimation of battery electric vehicles (BEVs). As there are very few electric vehicle (EV) charging stations, EV trip energy consumption…
This paper presents the concept of "model-based neural network"(MNN), which is inspired by the classic artificial neural network (ANN) but for different usages. Instead of being used as a data-driven classifier, a MNN serves as a modeling…
In this paper we present a regression based model for day-ahead electricity spot prices. We estimate the considered linear regression model by the lasso estimation method. The lasso approach allows for many possible parameters in the model,…
In the present paper will be discussed the problem related to the individual household electric power consumption of objects in different areas-industry, farmers, banks, hospitals, theaters, hostels, supermarkets, universities. The main…