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It is crucial today that economies harness renewable energies and integrate them into the existing grid. Conventionally, energy has been generated based on forecasts of peak and low demands. Renewable energy can neither be produced on…

信号处理 · 电气工程与系统科学 2019-10-02 Alexey Györi , Mathis Niederau , Violett Zeller , Volker Stich

Stock market volatility forecasting is a task relevant to assessing market risk. We investigate the interaction between news and prices for the one-day-ahead volatility prediction using state-of-the-art deep learning approaches. The…

统计金融 · 定量金融 2018-12-31 Marcelo Sardelich , Suresh Manandhar

This study investigates the performance of machine learning models in forecasting electricity Day-Ahead Market (DAM) prices using short historical training windows, with a focus on detecting seasonal trends and price spikes. We evaluate…

Data-driven weather prediction (DDWP) models are increasingly becoming popular for weather forecasting. However, while operational weather forecasts predict a wide variety of weather variables, DDWPs currently forecast a specific set of key…

机器学习 · 计算机科学 2023-12-04 Peetak P. Mitra , Vivek Ramavajjala

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…

机器学习 · 计算机科学 2024-11-07 Alexandru-Victor Andrei , Georg Velev , Filip-Mihai Toma , Daniel Traian Pele , Stefan Lessmann

Accurately forecasting electricity price volatility is crucial for effective risk management and decision-making. Traditional forecasting models often fall short in capturing the complex, non-linear dynamics of electricity markets,…

计算工程、金融与科学 · 计算机科学 2025-05-20 Haochen Xue , Chenghao Liu , Chong Zhang , Yuxuan Chen , Angxiao Zong , Zhaodong Wu , Yulong Li , Jiayi Liu , Kaiyu Liang , Zhixiang Lu , Ruobing Li , Jionglong Su

This paper contributes to the literature on parametric demand estimation by using deep learning to model consumer preferences. Traditional econometric methods often struggle with limited within-product price variation, a challenge addressed…

综合经济学 · 经济学 2024-12-16 Kirill Safonov

The forecasting of large ramps in wind power output known as ramp events is crucial for the incorporation of large volumes of wind energy into national electricity grids. Large variations in wind power supply must be compensated by…

机器学习 · 计算机科学 2022-12-01 Russell Sharp , Hisham Ihshaish , J. Ignacio Deza

Distribution markets are among the prospect being considered for the future of power systems. They would facilitate integration of distributed energy resources (DERs) and microgrids via a market mechanism and enable them to monetize…

系统与控制 · 计算机科学 2016-08-09 Sina Parhizi , Amin Khodaei

Accurate day-ahead individual residential load forecasting is of great importance to various applications of smart grid on day-ahead market. Deep learning, as a powerful machine learning technology, has shown great advantages and promising…

信号处理 · 电气工程与系统科学 2019-12-23 Yunyou Huang , Nana Wang , Wanling Gao , Xiaoxu Guo , Cheng Huang , Tianshu Hao , Jianfeng Zhan

The increasing focus on predicting renewable energy production aligns with advancements in deep learning (DL). The inherent variability of renewable sources and the complexity of prediction methods require robust approaches, such as DL…

机器学习 · 计算机科学 2025-12-05 Haibo Wang , Jun Huang , Lutfu Sua , Bahram Alidaee

Scenario-based probabilistic forecasts have become vital for decision-makers in handling intermittent renewable energies. This paper presents a recent promising deep learning generative approach called denoising diffusion probabilistic…

机器学习 · 计算机科学 2023-08-22 Esteban Hernandez Capel , Jonathan Dumas

Many real-world sequential decision making problems are partially observable by nature, and the environment model is typically unknown. Consequently, there is great need for reinforcement learning methods that can tackle such problems given…

机器学习 · 计算机科学 2018-06-08 Maximilian Igl , Luisa Zintgraf , Tuan Anh Le , Frank Wood , Shimon Whiteson

The problem of pricing utility-scale energy storage resources (ESRs) in the real-time electricity market is considered. Under a rolling-window dispatch model where the operator centrally dispatches generation and consumption under…

系统与控制 · 电气工程与系统科学 2021-01-26 Cong Chen , Lang Tong , Ye Guo

Wildfire forecasting is of paramount importance for disaster risk reduction and environmental sustainability. We approach daily fire danger prediction as a machine learning task, using historical Earth observation data from the last decade…

Short-Term Electricity-Load Forecasting (STELF) refers to the prediction of the immediate demand (in the next few hours to several days) for the power system. Various external factors, such as weather changes and the emergence of new…

机器学习 · 计算机科学 2025-05-20 Qi Dong , Rubing Huang , Chenhui Cui , Dave Towey , Ling Zhou , Jinyu Tian , Jianzhou Wang

Short-term electricity markets are becoming more relevant due to less-predictable renewable energy sources, attracting considerable attention from the industry. The balancing market is the closest to real-time and the most volatile among…

机器学习 · 计算机科学 2024-02-14 Ciaran O'Connor , Joseph Collins , Steven Prestwich , Andrea Visentin

Adopting a zonal structure of electricity market requires specification of zones' borders. One of the approaches to identify zones is based on clustering of Locational Marginal Prices (LMP). The purpose of the paper is twofold: (i) we…

计算工程、金融与科学 · 计算机科学 2013-10-21 Karol Wawrzyniak , Grzegorz Orynczak , Michal Klos , Aneta Goska , Marcin Jakubek

We present a novel approach to probabilistic electricity price forecasting which utilizes distributional neural networks. The model structure is based on a deep neural network that contains a so-called probability layer. The network's…

统计金融 · 定量金融 2023-09-29 Grzegorz Marcjasz , Michał Narajewski , Rafał Weron , Florian Ziel

Distributed photovoltaic (DPV) systems are essential for advancing renewable energy applications and achieving energy independence. Accurate DPV power forecasting can optimize power system planning and scheduling while significantly…

信号处理 · 电气工程与系统科学 2025-03-11 Huapeng Lin , Miao Yu