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Electricity price forecasting in Europe presents unique challenges due to increasing renewable generation variability, market integration, and the continent's physically interconnected power system. While recent advances in foundation…

Computational Engineering, Finance, and Science · Computer Science 2026-05-12 Runyao Yu , Chenhui Gu , Jochen Stiasny , Qingsong Wen , Wasim Sarwar Dilov , Lianlian Qi , Jochen L. Cremer

The field of electricity price forecasting has seen significant advances in the last years, including the development of new, more accurate forecast models. These models leverage statistical relationships in previously observed data to…

Machine Learning · Computer Science 2022-09-28 Maria Margarida Mascarenhas , Hussain Kazmi

Accurate forecasting of electric load and renewable generation is essential for reliable and cost effective power system operations. Recent advances in transformer based and foundation machine learning models, driven by large scale…

Systems and Control · Electrical Eng. & Systems 2026-04-27 Muhy Eddin Za'ter , Bri-Mathias Hodge

With the growing number of forecasting techniques and the increasing significance of forecast-based operation - particularly in the rapidly evolving energy sector - selecting the most effective forecasting model has become a critical task.…

Systems and Control · Electrical Eng. & Systems 2024-10-24 Fabian Backhaus , Karoline Brucke , Peter Ruckdeschel , Sunke Schlüters

Driven by the transition towards a climate-neutral energy system, accurate energy time series forecasting is critical for planning and operation. Yet, it remains largely a dataset-specific task, requiring comprehensive training data,…

Machine Learning · Computer Science 2026-04-27 Marco Obermeier , Marco Pruckner , Florian Haselbeck , Andreas Zeiselmair

The ongoing evolution of the electric power systems brings about the need to cope with increasingly complex interactions of technical components and relevant actors. In order to integrate a more comprehensive spectrum of different aspects…

Systems and Control · Computer Science 2013-08-21 Markus Schläpfer , Tom Kessler , Wolfgang Kröger

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…

Machine Learning · Computer Science 2026-04-01 Iason Kyriakopoulos , Yannis Theodoridis

Energy (load, wind, photovoltaic) forecasting is significant in the power industry as it can provide a reference for subsequent tasks such as power grid dispatch, thus bringing huge economic benefits. However, there are many differences…

Machine Learning · Computer Science 2024-10-07 Zhixian Wang , Qingsong Wen , Chaoli Zhang , Liang Sun , Leandro Von Krannichfeldt , Shirui Pan , Yi Wang

The power grid is going through significant changes with the introduction of renewable energy sources and incorporation of smart grid technologies. These rapid advancements necessitate new models and analyses to keep up with the various…

Renewable electricity generation has grown significantly across many European power systems, leading to a greener energy mix, but also additional complexity in balancing electricity supply and demand. Unexpected differences between…

Systems and Control · Electrical Eng. & Systems 2026-05-19 Arnaud Verstraeten , Maria Margarida Mascarenhas , Hussain Kazmi

Accurate household electrical energy demand prediction is essential for effectively managing sustainable Energy Communities. Integrated with the Energy Management System, these communities aim to optimise operational costs. However, most…

Machine Learning · Computer Science 2025-05-02 Ehtisham Asghar , Martin Hill , Ibrahim Sengor , Conor Lynch , Phan Quang An

In this paper we propose a framework for automated forecasting of energy-related time series using open access data from European Network of Transmission System Operators for Electricity (ENTSO-E). The framework provides forecasts for…

Applications · Statistics 2016-11-17 Gergo Barta , Gabor Nagy , Gabor Simon , Gyozo Papp

The increasing use of renewable energy sources with variable output, such as solar photovoltaic and wind power generation, calls for Smart Grids that effectively manage flexible loads and energy storage. The ability to forecast consumption…

Machine Learning · Computer Science 2014-04-02 Andreas Veit , Christoph Goebel , Rohit Tidke , Christoph Doblander , Hans-Arno Jacobsen

We suggest a new methodology for designing robust energy systems. For this, we investigate so-called near-optimal solutions to energy system optimisation models; solutions whose objective values deviate only marginally from the optimum.…

Optimization and Control · Mathematics 2023-01-05 Aleksander Grochowicz , Koen van Greevenbroek , Fred Espen Benth , Marianne Zeyringer

Accurate evaluation of weather forecasting models is critical for their reliable deployment in real-world applications. However, existing benchmarks predominantly rely on reanalysis products such as ERA5, which are generated through delayed…

Machine Learning · Computer Science 2026-05-26 Ruize Li , Zhibin Wen , Tao Han , Hao Chen , Fenghua Ling , Wei Zhang , Song Guo , Lei Bai

Energy is a critical driver of modern economic systems. Accurate energy price forecasting plays an important role in supporting decision-making at various levels, from operational purchasing decisions at individual business organizations to…

Machine Learning · Computer Science 2024-11-07 Alexandru-Victor Andrei , Georg Velev , Filip-Mihai Toma , Daniel Traian Pele , Stefan Lessmann

In recent years, AI-based weather forecasting models have matched or even outperformed numerical weather prediction systems. However, most of these models have been trained and evaluated on reanalysis datasets like ERA5. These datasets,…

Atmospheric and Oceanic Physics · Physics 2024-09-17 Weixin Jin , Jonathan Weyn , Pengcheng Zhao , Siqi Xiang , Jiang Bian , Zuliang Fang , Haiyu Dong , Hongyu Sun , Kit Thambiratnam , Qi Zhang

Accurate electricity load forecasting is essential for grid stability, resource optimization, and renewable energy integration. While transformer-based deep learning models like TimeGPT have gained traction in time-series forecasting, their…

Machine Learning · Computer Science 2025-05-19 Millend Roy , Vladimir Pyltsov , Yinbo Hu

Accurate forecasting is critical for reliable power grid operations, particularly as the share of renewable generation, such as wind and solar, continues to grow. Given the inherent uncertainty and variability in renewable generation,…

Applications · Statistics 2025-10-20 Alireza Moradi , Mathieu Tanneau , Reza Zandehshahvar , Pascal Van Hentenryck

Energy forecasting research faces a persistent comparability gap that makes it difficult to measure consistent progress over time. Reported accuracy gains are often not directly comparable because models are evaluated under study-specific…

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