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To address the uncertainty in outputs of numerical weather prediction (NWP) models, ensembles of forecasts are used. To obtain such an ensemble of forecasts the NWP model is run multiple times, each time with different formulations and/or…

Applications · Statistics 2016-05-25 Annette Möller , Jürgen Groß

The reliable estimation of forecast uncertainties is crucial for risk-sensitive optimal decision making. In this paper, we propose implicit generative ensemble post-processing, a novel framework for multivariate probabilistic electricity…

Applications · Statistics 2020-11-16 Tim Janke , Florian Steinke

Accurate forecasting of solar power output is essential for efficient integration of renewable energy into the grid. In this study, an attention-based deep learning model, inspired by transformer architecture, is used for short-term solar…

Machine Learning · Computer Science 2026-04-28 Ankan Basu , Jyotiraditya Roy , Aditya Datta , Prayas Sanyal , Sumanta Banerjee

The integration of renewable resources has increased in power generation as a means to reduce the fossil fuel usage and mitigate its adverse effects on the environment. However, renewables like solar energy are stochastic in nature due to…

When cloud layers cover photovoltaic (PV) panels, the amount of power the panels produce fluctuates rapidly. Therefore, to maintain enough energy on a power grid to match demand, utilities companies rely on reserve power sources that…

Forecast combinations have flourished remarkably in the forecasting community and, in recent years, have become part of the mainstream of forecasting research and activities. Combining multiple forecasts produced from single (target) series…

Methodology · Statistics 2022-09-26 Xiaoqian Wang , Rob J Hyndman , Feng Li , Yanfei Kang

Precipitation forecasts are less accurate compared to other meteorological fields because several key processes affecting precipitation distribution and intensity occur below the resolved scale of global weather prediction models. This…

Atmospheric and Oceanic Physics · Physics 2023-04-21 Rüdiger Brecht , Alex Bihlo

Wind power forecasting (WPF), as a significant research topic within renewable energy, plays a crucial role in enhancing the security, stability, and economic operation of power grids. However, due to the high stochasticity of…

Machine Learning · Computer Science 2025-04-16 Mingyi Zhu , Zhaoxin Li , Qiao Lin , Li Ding

The present contribution offers a simple methodology for the obtainment of data-driven interval forecasting models by combining pairs of quantile regressions. Those regressions are created without the usage of the non-differentiable…

Systems and Control · Computer Science 2017-01-24 Jorge Ángel González Ordiano , Wolfgang Doneit , Simon Waczowicz , Lutz Gröll , Ralf Mikut , Veit Hagenmeyer

We consider a sequential decision making process, such as renewable energy trading or electrical production scheduling, whose outcome depends on the future realization of a random factor, such as a meteorological variable. We assume that…

Trading and Market Microstructure · Quantitative Finance 2021-07-01 Peter Tankov , Laura Tinsi

Electric load forecasting is an indispensable component of electric power system planning and management. Inaccurate load forecasting may lead to the threat of outages or a waste of energy. Accurate electric load forecasting is challenging…

Machine Learning · Computer Science 2023-10-25 Linxiao Yang , Rui Ren , Xinyue Gu , Liang Sun

Nowadays, weather prediction is based on numerical weather prediction (NWP) models to produce an ensemble of forecasts. Despite of large improvements over the last few decades, they still tend to exhibit systematic bias and dispersion…

Applications · Statistics 2024-02-02 David Jobst , Annette Möller , Jürgen Groß

Deep learning models have gained increasing prominence in recent years in the field of solar pho-tovoltaic (PV) forecasting. One drawback of these models is that they require a lot of high-quality data to perform well. This is often…

Signal Processing · Electrical Eng. & Systems 2025-10-13 Joris Depoortere , Johan Driesen , Johan Suykens , Hussain Syed Kazmi

Wind energy is becoming an increasingly crucial component of a sustainable grid, but its inherent variability and limited predictability present challenges for grid operators. The energy sector needs novel forecasting techniques that can…

Applications · Statistics 2023-12-05 Zheng Dong , Hanyu Zhang , Shixiang Zhu , Yao Xie , Pascal Van Hentenryck

A bivariate ensemble model output statistics (EMOS) technique for the postprocessing of ensemble forecasts of two-dimensional wind vectors is proposed, where the postprocessed probabilistic forecast takes the form of a bivariate normal…

Applications · Statistics 2015-06-03 Nina Schuhen , Thordis L. Thorarinsdottir , Tilmann Gneiting

Probabilistic forecasts in the form of ensemble of scenarios are required for complex decision making processes. Ensemble forecasting systems provide such products but the spatio-temporal structures of the forecast uncertainty is lost when…

Applications · Statistics 2016-12-21 Zied Ben Bouallegue , Tobias Heppelmann , Susanne E. Theis , Pierre Pinson

Probabilistic forecasts of wind speed are important for a wide range of applications, ranging from operational decision making in connection with wind power generation to storm warnings, ship routing and aviation. We present a statistical…

Applications · Statistics 2016-08-06 Michael Scheuerer , David Möller

Moving clouds affect the global solar irradiance that reaches the surface of the Earth. As a consequence, the amount of resources available to meet the energy demand in a smart grid powered using Photovoltaic (PV) systems depends on the…

Image and Video Processing · Electrical Eng. & Systems 2022-01-04 Guillermo Terrén-Serrano , Manel Martínez-Ramón

Short-term forecasts of energy consumption are invaluable for the operation of energy systems, including low voltage electricity networks. However, network loads are challenging to predict when highly desegregated to small numbers of…

Applications · Statistics 2023-01-10 Ciaran Gilbert , Jethro Browell , Bruce Stephen

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
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