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Short-term electricity price forecasting has become important for demand side management and power generation scheduling. Especially as the electricity market becomes more competitive, a more accurate price prediction than the day-ahead…
Many businesses and industries require accurate forecasts for weekly time series nowadays. However, the forecasting literature does not currently provide easy-to-use, automatic, reproducible and accurate approaches dedicated to this task.…
Accurate electrical consumption forecasting is crucial for efficient energy management and resource allocation. While traditional time series forecasting relies on historical patterns and temporal dependencies, incorporating external…
For short-term solar irradiance forecasting, the traditional point forecasting methods are rendered less useful due to the non-stationary characteristic of solar power. The amount of operating reserves required to maintain reliable…
This paper presents a novel learning based framework for predicting power outages caused by extreme events. The proposed approach targets low-probability high-consequence outage scenarios and leverages a comprehensive set of features…
Meter-level load forecasting is crucial for efficient energy management and power system planning for Smart Grids (SGs), in tasks associated with regulation, dispatching, scheduling, and unit commitment of power grids. Although a variety of…
Energy prediction in buildings plays a crucial role in effective energy management. Precise predictions are essential for achieving optimal energy consumption and distribution within the grid. This paper introduces a Long Short-Term Memory…
Recent studies indicate that the effects of inter-annual climate-based variability in power system planning are significant and that long samples of demand & weather data (spanning multiple decades) should be considered. At the same time,…
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…
The planning and operation of renewable energy, especially wind power, depend crucially on accurate, timely, and high-resolution weather information. Coarse-grid global numerical weather forecasts are typically downscaled to meet these…
This paper addresses the critical challenge of estimating the reliability of an Electric Vehicle (EV) charging systems when facing risks such as overheating, unpredictable, weather, and cyberattacks. Traditional methods for predicting…
Short term electricity price forecast is essential in competitive power markets, yet electricity price series exhibit high volatility, irregularity, and non-stationarity. This phenomenon is pronounced in the South Australian region of the…
Smooth power generation from solar stations demand accurate, reliable and efficient forecast of solar energy for optimal integration to cater market demand; however, the implicit instability of solar energy production may cause serious…
Educational institutions are essential for economic and social development. Budget cuts in Brazil in recent years have made it difficult to carry out their activities and projects. In the case of expenses with water and electricity,…
Accurate residential load forecasting is critical for power system reliability with rising renewable integration and demand-side flexibility. However, most statistical and machine learning models treat external factors, such as weather,…
This paper tackles the urgent need for efficient energy management in healthcare facilities, where fluctuating demands challenge operational efficiency and sustainability. Traditional methods often prove inadequate, causing inefficiencies…
Accurate and reliable energy forecasting is essential for power grid operators who strive to minimize extreme forecasting errors that pose significant operational challenges and incur high intra-day trading costs. Incorporating planning…
Purpose: Trading on electricity markets occurs such that the price settlement takes place before delivery, often day-ahead. In practice, these prices are highly volatile as they largely depend upon a range of variables such as electricity…
Building an accurate load forecasting model with minimal underpredictions is vital to prevent any undesired power outages due to underproduction of electricity. However, the power consumption patterns of the residential sector contain…
The automotive industry is under growing pressure to reduce its environmental impact, requiring accurate predictive modeling to support sustainable engineering design. This study examines the factors that determine vehicle fuel consumption…