Related papers: Electricity Demand Forecasting with Hybrid Statist…
As the number of electric vehicles (EVs) continues to grow, the demand for charging stations is also increasing, leading to challenges such as long wait times and insufficient infrastructure. High-precision forecasting of EV charging demand…
Electricity consumption has increased exponentially during the past few decades. This increase is heavily burdening the electricity distributors. Therefore, predicting the future demand for electricity consumption will provide an upper hand…
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…
The accurate prediction of short-term electricity prices is vital for effective trading strategies, power plant scheduling, profit maximisation and efficient system operation. However, uncertainties in supply and demand make such…
This study applies a range of forecasting techniques,including ARIMA, Prophet, Long Short Term Memory networks (LSTM), Temporal Convolutional Networks (TCN), and XGBoost, to model and predict Russian equipment losses during the ongoing war…
Accurate predictions of electricity demands are necessary for managing operations in a small aggregation load setting like a Microgrid. Due to low aggregation, the electricity demands can be highly stochastic and point estimates would lead…
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…
Mid-term and long-term electric energy demand prediction is essential for the planning and operations of the smart grid system. Mainly in countries where the power system operates in a deregulated environment. Traditional forecasting models…
Electric energy is difficult to store, requiring stricter control over its generation, transmission, and distribution. A persistent challenge in power systems is maintaining real-time equilibrium between electricity demand and supply.…
Recent studies provide evidence that decomposing the electricity price into the long-term seasonal component (LTSC) and the remaining part, predicting both separately, and then combining their forecasts can bring significant accuracy gains…
This work presents a hybrid and hierarchical deep learning model for mid-term load forecasting. The model combines exponential smoothing (ETS), advanced Long Short-Term Memory (LSTM) and ensembling. ETS extracts dynamically the main…
The precise forecasting of electricity demand also referred to as load forecasting, is essential for both planning and managing a power system. It is crucial for many tasks, including choosing which power units to commit to, making plans…
This paper presents a comparative study of six soft computing models namely multilayer perceptron networks, Elman recurrent neural network, radial basis function network, Hopfield model, fuzzy inference system and hybrid fuzzy neural…
Long-term electricity demand forecasting is essential for grid and operations planning, as well as for the analysis and planning of energy transition strategies. However, accurate long-term load forecasting with high temporal resolution…
With the growing popularity of electric vehicles as a means of addressing climate change, concerns have emerged regarding their impact on electric grid management. As a result, predicting EV charging demand has become a timely and important…
Accurate short-term power load forecasting is important to effectively manage, optimize, and ensure the robustness of modern power systems. This paper performs an empirical evaluation of a traditional statistical model and deep learning…
Residential buildings account for a significant portion (35\%) of the total electricity consumption in the U.S. as of 2022. As more distributed energy resources are installed in buildings, their potential to provide flexibility to the grid…
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…
Pattern similarity-based methods are widely used in classification and regression problems. Repeated, similar-shaped cycles observed in seasonal time series encourage to apply these methods for forecasting. In this paper we use the pattern…
Electricity supply must be matched with demand at all times. This helps reduce the chances of issues such as load frequency control and the chances of electricity blackouts. To gain a better understanding of the load that is likely to be…