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In order to reach the supply/demand balance, electricity providers need to predict the demand and production of electricity at different time scales. This implies the need of modeling weather variables such as temperature, wind speed, solar…

Applications · Statistics 2017-10-24 Augustin Touron

We focus on large blackouts in electric distribution systems caused by extreme winds. Such events have a large cost and impact on customers. To quantify resilience to these events, we formulate large event risk and show how to calculate it…

Systems and Control · Electrical Eng. & Systems 2024-11-21 Arslan Ahmad , Ian Dobson

The interdependence of electricity and natural gas markets is becoming a major topic in energy research. Integrated energy models are used to assist decision-making for businesses and policymakers addressing challenges of energy transition…

General Finance · Quantitative Finance 2020-09-11 Iegor Riepin , Thomas Möbius , Felix Müsgens

Nowadays, with the unprecedented penetration of renewable distributed energy resources (DERs), the necessity of an efficient energy forecasting model is more demanding than before. Generally, forecasting models are trained using observed…

Machine Learning · Statistics 2017-07-18 Hossein Sangrody , Morteza Sarailoo , Ning Zhou , Ahmad Shokrollahi , Elham Foruzan

Due to the rise in the use of renewable energies as an alternative to traditional ones, and especially solar energy, there is increasing interest in studying how to address photovoltaic forecasting in the face of the challenge of…

Computer Vision and Pattern Recognition · Computer Science 2026-02-18 Ines Montoya-Espinagosa , Antonio Agudo

Due to changes in frequency and intensity of extreme weather events, such as heatwaves and storms, power systems around the globe are having to deal with increased imbalance between demand and supply and additional risk of loss of supply,…

Systems and Control · Electrical Eng. & Systems 2025-12-01 Edward Moroshko , Weizhe Qin , Desen Kirli , Mohammed Qais , Sotirios Tsaftaris , Aristides Kiprakis

Integrating renewable energy production into the electricity grid is an important policy goal to address climate change. However, such an integration faces economic and technological challenges. As power generation by renewable sources…

Systems and Control · Electrical Eng. & Systems 2021-01-15 Nayara Aguiar , Indraneel Chakraborty , Vijay Gupta

In this paper we discuss and address the challenges of predicting extreme atmospheric events like intense rainfall, hail, and strong winds. These events can cause significant damage and have become more frequent due to climate change.…

Atmospheric and Oceanic Physics · Physics 2023-10-06 Mikhail Mozikov , Ilya Makarov , Alexandr Bulkin , Daria Taniushkina , Roland Grinis , Yury Maximov

Extreme precipitation shows non-stationary behavior over time, but also with respect to other large-scale variables. While this effect is often neglected, we propose a model including the influence of North Atlantic Oscillation, time,…

Atmospheric and Oceanic Physics · Physics 2022-11-09 Felix S. Fauer , Henning W. Rust

The balancing provided by hydropower reservoirs is essential in the transition towards a decarbonised European energy system, but the resource might be impacted by future climate change. In this work, we first analyse the hydropower…

Atmospheric and Oceanic Physics · Physics 2021-09-07 Ebbe Kyhl Gøtske , Marta Victoria

The rapid expansion of renewable energy, particularly wind and solar power, has made reliable forecasting critical for power system operations. While recent deep learning models have achieved strong average accuracy, the increasing…

Machine Learning · Computer Science 2026-02-19 Zhi Sheng , Yuan Yuan , Guozhen Zhang , Yong Li

This paper examines the dependence between electricity prices, demand, and renewable energy sources by means of a multivariate copula model {while studying Germany, the widest studied market in Europe}. The inter-dependencies are…

Applications · Statistics 2022-01-05 Fabrizio Durante , Angelica Gianfreda , Francesco Ravazzolo , Luca Rossini

The prediction of electrical power in combined cycle power plants is a key challenge in the electrical power and energy systems field. This power output can vary depending on environmental variables, such as temperature, pressure, and…

Signal Processing · Electrical Eng. & Systems 2019-08-06 Jesus L. Lobo , Igor Ballesteros , Izaskun Oregi , Javier Del Ser

The United States has witnessed a growing prevalence of droughts in recent years, posing significant challenges to water supplies and power generation. The resulting impacts on power systems, including reduced capacity and the potential for…

Systems and Control · Electrical Eng. & Systems 2023-11-14 Hang Shuai , Fangxing Li , Jinxiang Zhu , William Jerome Tingen , Srijib Mukherjee

This paper presents a data-driven approach for quantifying the resilience of distribution power grids to extreme weather events using two key metrics: (a) the number of outages and (b) restoration time. The method leverages historical…

Systems and Control · Electrical Eng. & Systems 2025-08-19 Dingwei Wang , Salish Maharjan , Junyuan Zheng , Liming Liu , Zhaoyu Wang

The large variability of renewable power sources is a central challenge in the transition to a sustainable energy system. Electricity markets are central for the coordination of electric power generation. These markets rely evermore on…

Statistical Finance · Quantitative Finance 2021-12-07 Chengyuan Han , Hannes Hilger , Eva Mix , Philipp C. Böttcher , Mark Reyers , Christian Beck , Dirk Witthaut , Leonardo Rydin Gorjão

Extreme events jeopardize power network operations, causing beyond-design failures and massive supply interruptions. Existing market designs fail to internalize and systematically assess the risk of extreme and rare events. Efficiently…

Systems and Control · Electrical Eng. & Systems 2025-01-03 Tomas Tapia , Zhirui Liang , Charalambos Konstantinou , Yury Dvorkin

The Intergovernmental Panel on Climate Change proposes different mitigation strategies to achieve the net emissions reductions that would be required to follow a pathway that limits global warming to 1.5{\deg}C with no or limited overshoot.…

Systems and Control · Electrical Eng. & Systems 2021-12-10 Jonathan Dumas

The electrical generation and transmission infrastructures of many countries are under increased pressure. This partially reflects the move towards low carbon economies and the increased reliance on renewable power generation systems. There…

Physics and Society · Physics 2022-01-12 Corneliu Arsene

In recent years, probabilistic forecasts techniques were proposed in research as well as in applications to integrate volatile renewable energy resources into the electrical grid. These techniques allow decision makers to take the…

Machine Learning · Statistics 2024-10-30 Jens Schreiber , Bernhard Sick
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