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Trading on the day-ahead electricity markets requires accurate information about the realization of electricity prices and the uncertainty attached to the predictions. Deriving accurate forecasting models presents a difficult task due to…

Machine Learning · Computer Science 2024-03-25 Hannes Hilger , Dirk Witthaut , Manuel Dahmen , Leonardo Rydin Gorjao , Julius Trebbien , Eike Cramer

The liberalization of electricity markets and the development of renewable energy sources has led to new challenges for decision makers. These challenges are accompanied by an increasing uncertainty about future electricity price movements.…

Applications · Statistics 2018-09-12 Florian Ziel , Rick Steinert

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…

Machine Learning · Computer Science 2024-05-16 Julie Keisler , Sandra Claudel , Gilles Cabriel , Margaux Brégère

Demand forecasting in the online fashion industry is particularly amendable to global, data-driven forecasting models because of the industry's set of particular challenges. These include the volume of data, the irregularity, the high…

The marginal price of electricity traditionally depends on the dual variables associated with relevant optimization goals. Particularly, in the optimal power flow realm, prices represent the cost of supplying an additional unit of power at…

Optimization and Control · Mathematics 2016-06-29 Kyri Baker

Virtual power plants (VPPs) are an emerging paradigm that aggregates distributed energy resources (DERs) for coordinated participation in power systems, including bidding as a single dispatchable entity in the wholesale market. In this…

Optimization and Control · Mathematics 2026-04-03 Weiqi Meng , Hongyi Li , Bai Cui

Accurate short-term energy consumption forecasting is essential for efficient power grid management, resource allocation, and market stability. Traditional time-series models often fail to capture the complex, non-linear dependencies and…

Computers and Society · Computer Science 2026-01-27 Abhishek Maity , Viraj Tukarul

This paper investigates the motion planning of autonomous dynamical systems modeled by Markov decision processes (MDP) with unknown transition probabilities over continuous state and action spaces. Linear temporal logic (LTL) is used to…

Machine Learning · Computer Science 2022-01-25 Mingyu Cai , Mohammadhosein Hasanbeig , Shaoping Xiao , Alessandro Abate , Zhen Kan

Deep learning applies hierarchical layers of hidden variables to construct nonlinear high dimensional predictors. Our goal is to develop and train deep learning architectures for spatio-temporal modeling. Training a deep architecture is…

Machine Learning · Statistics 2018-05-08 Matthew F. Dixon , Nicholas G. Polson , Vadim O. Sokolov

Site-specific weather forecasts are essential to accurate prediction of power demand and are consequently of great interest to energy operators. However, weather forecasts from current numerical weather prediction (NWP) models lack the…

Atmospheric and Oceanic Physics · Physics 2024-08-02 MengMeng Han , Tennessee Leeuwenburg , Brad Murphy

Renewable energy sources, such as wind and solar power, are increasingly being integrated into smart grid systems. However, when compared to traditional energy resources, the unpredictability of renewable energy generation poses significant…

Systems and Control · Electrical Eng. & Systems 2023-03-01 Arman Ghasemi , Amin Shojaeighadikolaei , Morteza Hashemi

Forecasting meteorological variables is challenging due to the complexity of their processes, requiring advanced models for accuracy. Accurate precipitation forecasts are vital for society. Reliable predictions help communities mitigate…

With the rising extension of renewable energies, the intraday electricity markets have recorded a growing popularity amongst traders as well as electric utilities to cope with the induced volatility of the energy supply. Through their short…

Machine Learning · Computer Science 2024-09-18 Malte Lehna , Björn Hoppmann , René Heinrich , Christoph Scholz

This paper proposes a nonparametric multivariate density forecast model based on deep learning. It not only offers the whole marginal distribution of each random variable in forecasting targets, but also reveals the future correlation…

Systems and Control · Electrical Eng. & Systems 2022-10-28 Zichao Meng , Ye Guo , Wenjun Tang , Hongbin Sun

Differential privacy is a strong notion for privacy that can be used to prove formal guarantees, in terms of a privacy budget, $\epsilon$, about how much information is leaked by a mechanism. However, implementations of privacy-preserving…

Machine Learning · Computer Science 2019-08-14 Bargav Jayaraman , David Evans

Accurate load forecasting is crucial for maintaining the power balance between generators and consumers,particularly with the increasing integration of renewable energy sources, which introduce significant intermittent volatility. With the…

Systems and Control · Electrical Eng. & Systems 2024-09-04 Mingyang Gao , Suyang Zhou , Wei Gu , Zhi Wu , Haiquan Liu , Aihua Zhou

Probabilistic forecasts are essential for various downstream applications such as business development, traffic planning, and electrical grid balancing. Many of these probabilistic forecasts are performed on time series data that contain…

Machine Learning · Computer Science 2023-02-07 Benedikt Heidrich , Kaleb Phipps , Oliver Neumann , Marian Turowski , Ralf Mikut , Veit Hagenmeyer

This thesis studies the effectiveness of Long Short Term Memory model in forecasting future Job Openings and Labor Turnover Survey data in the United States. Drawing on multiple economic indicators from various sources, the data are fed…

Econometrics · Economics 2025-03-26 Kyungsu Kim

Accurate and efficient imbalance electricity price forecasting is critical for industrial energy trading systems, especially as battery assets and automated bidding pipelines increasingly participate in balancing markets. However, real-time…

Computational Finance · Quantitative Finance 2026-05-12 Runyao Yu , Julia Lin , Derek W. Bunn , Jochen Stiasny , Wentao Wang , Yujie Chen , Tara Esterl , Peter Palensky , Jochen L. Cremer

This work integrates Bayesian regime detection with conditional neural processes for 24-hour electricity price prediction in the German market. Our methodology integrates regime detection using a disentangled sticky hierarchical Dirichlet…

Machine Learning · Computer Science 2026-04-21 Abhinav Das , Stephan Schlüter