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We propose a novel machine learning approach for probabilistic forecasting of hourly day-ahead electricity prices. In contrast with the recent advances in data-rich probabilistic forecasting, which approximates distributions with few…

General Economics · Economics 2025-07-04 Jozef Barunik , Lubos Hanus

Short-term load forecasting is of paramount importance in the efficient operation and planning of power systems, given its inherent non-linear and dynamic nature. Recent strides in deep learning have shown promise in addressing this…

Machine Learning · Computer Science 2023-09-20 Paapa Kwesi Quansah , Edwin Kwesi Ansah Tenkorang

We study the forecasting of the power consumptions of a population of households and of subpopulations thereof. These subpopulations are built according to location, to exogenous information and/or to profiles we determined from historical…

Machine Learning · Statistics 2020-03-03 Margaux Brégère , Malo Huard

The electricity consumption forecasting is a critical component of the intelligent power system. And accurate monthly electricity consumption forecasting, as one of the the medium and long term electricity consumption forecasting problems,…

Signal Processing · Electrical Eng. & Systems 2019-08-20 Weiheng Jiang , Xiaogang Wu , Yi Gong , Wanxin Yu , Xinhui Zhong

Global demographic and economic changes have a critical impact on the total energy consumption, which is why demographic and economic parameters have to be taken into account when making predictions about the energy consumption. This…

Machine Learning · Computer Science 2018-10-29 Radmila Janković , Alessia Amelio

Accurate day-ahead electricity price forecasting is essential for residential welfare, yet current methods often fall short in forecast accuracy. We observe that commonly used time series models struggle to utilize the prior correlation…

Machine Learning · Computer Science 2024-08-20 Linian Wang , Jianghong Liu , Huibin Zhang , Leye Wang

Real-world electricity consumption prediction may involve different tasks, e.g., prediction for different time steps ahead or different geo-locations. These tasks are often solved independently without utilizing some common problem-solving…

Machine Learning · Computer Science 2022-06-01 Hui Song , A. K. Qin , Chenggang Yan

In combating climate change, an effective demand-based energy supply operation of the district energy system (DES) for heating or cooling is indispensable. As a consequence, an accurate forecast of heat consumption on the consumer side…

Machine Learning · Computer Science 2021-12-06 Satyaki Chatterjee , Siming Bayer , Andreas Maier

This work presents ensemble forecasting of monthly electricity demand using pattern similarity-based forecasting methods (PSFMs). PSFMs applied in this study include $k$-nearest neighbor model, fuzzy neighborhood model, kernel regression…

Machine Learning · Computer Science 2020-04-02 Paweł Pełka , Grzegorz Dudek

Battery-based energy storage has emerged as an enabling technology for a variety of grid energy optimizations, such as peak shaving and cost arbitrage. A key component of battery-driven peak shaving optimizations is peak forecasting, which…

Signal Processing · Electrical Eng. & Systems 2020-05-28 Akhil Soman , Amee Trivedi , David Irwin , Beka Kosanovic , Benjamin McDaniel , Prashant Shenoy

With the increasing penetration of renewable energy, traditional physics-based power system operation faces growing challenges in achieving economic efficiency, stability, and robustness. Machine learning (ML) has emerged as a powerful tool…

Systems and Control · Electrical Eng. & Systems 2026-02-03 Wangkun Xu , Zhongda Chu , Fei Teng

Energy forecasting has a vital role to play in smart grid (SG) systems involving various applications such as demand-side management, load shedding, and optimum dispatch. Managing efficient forecasting while ensuring the least possible…

Machine Learning · Computer Science 2022-05-25 Devinder Kaur , Shama Naz Islam , Md. Apel Mahmud , Md. Enamul Haque , ZhaoYang Dong

A novel methodology for short-term energy forecasting using an Extreme Learning Machine ($\mathtt{ELM}$) is proposed. Using six years of hourly data collected in Corsica (France) from multiple energy sources (solar, wind, hydro, thermal,…

The increasing penetration level of energy generation from renewable sources is demanding for more accurate and reliable forecasting tools to support classic power grid operations (e.g., unit commitment, electricity market clearing or…

Machine Learning · Computer Science 2020-07-17 Michela Moschella , Mauro Tucci , Emanuele Crisostomi , Alessandro Betti

In this paper we propose a Long Short-Term Memory Network based method to forecast the energy consumption in public buildings, based on past measurements. Our approach consists of three main steps: data processing step, training and…

Machine Learning · Computer Science 2022-07-26 Viorica Rozina Chifu , Cristina Bianca Pop , Emil St. Chifu , Horatiu Barleanu

Lithium-ion batteries are a key energy storage technology driving revolutions in mobile electronics, electric vehicles and renewable energy storage. Capacity retention is a vital performance measure that is frequently utilized to assess…

Machine Learning · Computer Science 2024-10-10 Michael J. Kenney , Katerina G. Malollari , Sergei V. Kalinin , Maxim Ziatdinov

Electricity load forecasting plays an important role in the energy planning such as generation and distribution. However, the nonlinearity and dynamic uncertainties in the smart grid environment are the main obstacles in forecasting…

Neural and Evolutionary Computing · Computer Science 2018-11-09 Faisal Mohammad , Ki Boem Lee , Young-Chon Kim

Application of the multi-objective particle swarm optimisation (MOPSO) algorithm to design of water distribution systems is described. An earlier MOPSO algorithm is augmented with (a) local search, (b) a modified strategy for assigning the…

Neural and Evolutionary Computing · Computer Science 2019-03-15 Mahesh B. Patil , M. Naveen Naidu , A. Vasan , Murari R. R. Varma

Optimization of radio hardware and AI-based network management software yield significant energy savings in radio access networks. The execution of underlying Machine Learning (ML) models, which enable energy savings through recommended…

Machine Learning · Computer Science 2025-04-04 Selim Ickin , Shruti Bothe , Aman Raparia , Nitin Khanna , Erik Sanders

Predicting a customer's propensity-to-pay at an early point in the revenue cycle can provide organisations many opportunities to improve the customer experience, reduce hardship and reduce the risk of impaired cash flow and occurrence of…

Machine Learning · Computer Science 2025-05-28 Md Abul Bashar , Astin-Walmsley Kieren , Heath Kerina , Richi Nayak