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Pricing multi-interval economic dispatch of electric power under operational uncertainty is considered in this two-part paper. Part I investigates dispatch-following incentives of profit-maximizing generators and shows that, under mild…

系统与控制 · 电气工程与系统科学 2021-08-13 Ye Guo , Cong Chen , Lang Tong

During the last years, European intraday power markets have gained importance for balancing forecast errors due to the rising volumes of intermittent renewable generation. However, compared to day-ahead markets, the drivers for the intraday…

统计金融 · 定量金融 2023-10-06 Simon Hirsch , Florian Ziel

The high penetration of volatile renewable energy sources such as solar make methods for coping with the uncertainty associated with them of paramount importance. Probabilistic forecasts are an example of these methods, as they assist…

机器学习 · 计算机科学 2021-01-21 Vinayak Sharma , Jorge Angel Gonzalez Ordiano , Ralf Mikut , Umit Cali

This paper undertakes a comprehensive investigation of electricity price forecasting methods, focused on the Irish Integrated Single Electricity Market, particularly on changes during recent periods of high volatility. The primary objective…

机器学习 · 计算机科学 2024-08-13 Ben Harkin , Xueqin Liu

To address the complexity of financial time series, this paper proposes a forecasting model combining sliding window and variational mode decomposition (VMD) methods. Historical stock prices and relevant market indicators are used to…

机器学习 · 计算机科学 2025-08-22 Luke Li

Load forecasting is a crucial topic in energy management systems (EMS) due to its vital role in optimizing energy scheduling and enabling more flexible and intelligent power grid systems. As a result, these systems allow power utility…

机器学习 · 计算机科学 2023-05-16 Firas Bayram , Phil Aupke , Bestoun S. Ahmed , Andreas Kassler , Andreas Theocharis , Jonas Forsman

Meteorological factors (MF) are crucial in day-ahead load forecasting as they significantly influence the electricity consumption behaviors of consumers. Numerous studies have incorporated MF into the load forecasting model to achieve…

机器学习 · 计算机科学 2025-01-07 Yangze Zhou , Guoxin Lin , Gonghao Zhang , Yi Wang

Understanding regional Consumer Price Index (CPI) dynamics is essential for timely and effective economic policymaking. However, traditional modeling procedures typically rely only on parametric panel modeling with low-frequency and…

应用统计 · 统计学 2026-04-09 Tianchen Gao , Ao Sun , Yurou Wang , Jingyuan Liu , Cheng Hsiao

We present an algorithm for the calibration of local volatility from market option prices through deep self-consistent learning, by approximating both market option prices and local volatility using deep neural networks. Our method uses the…

计算金融 · 定量金融 2025-02-11 Zhe Wang , Ameir Shaa , Nicolas Privault , Claude Guet

We explore the use of deep reinforcement learning to provide strategies for long term scheduling of hydropower production. We consider a use-case where the aim is to optimise the yearly revenue given week-by-week inflows to the reservoir…

机器学习 · 计算机科学 2020-12-14 Signe Riemer-Sorensen , Gjert H. Rosenlund

Accurate short-term prediction of overhead line (OHL) transmission ampacity can directly affect the efficiency of power system operation and planning. Any overestimation of the dynamic thermal line rating (DTLR) can lead to lifetime…

密码学与安全 · 计算机科学 2020-11-26 N. Safari , S. M. Mazhari , C. Y. Chung , S. B. Ko

An effective way to oppose global warming and mitigate climate change is to electrify our energy sectors and supply their electric power from renewable wind and solar. Spatio-temporal predictions of electric load become increasingly…

机器学习 · 计算机科学 2022-11-23 Arsam Aryandoust , Anthony Patt , Stefan Pfenninger

Accurate forecasts of photovoltaic power generation (PVPG) are essential to optimize operations between energy supply and demand. Recently, the propagation of sensors and smart meters has produced an enormous volume of data, which supports…

机器学习 · 计算机科学 2022-06-14 Xing Luo , Dongxiao Zhang

This paper presents a methodology for strategic day-ahead planning that uses a combination of deep learning and optimization. A noise-driven recurrent neural network structure is proposed for forecasting electricity prices and local inflow…

最优化与控制 · 数学 2021-11-04 Martin Biel

Nowcasting day-ahead marginal emissions factors is increasingly important for power systems with high flexibility and penetration of distributed energy resources. With a significant share of firm generation from natural gas and coal power…

机器学习 · 计算机科学 2023-10-09 Dhruv Suri , Anela Arifi , Ines Azevedo

Accurate electricity price forecasting (EPF) is increasingly difficult in markets characterised by extreme volatility, frequent price spikes, and rapid structural shifts. Deep learning (DL) has been increasingly adopted in EPF due to its…

机器学习 · 计算机科学 2026-02-16 Mohammed Osman Gani , Zhipeng He , Chun Ouyang , Sara Khalifa

When extreme weather events affect large areas, their regional to sub-continental spatial scale is important for their impacts. We propose a novel machine learning (ML) framework that integrates spatial extreme-value theory to model weather…

应用统计 · 统计学 2025-05-29 Jonathan Koh , Daniel Steinfeld , Olivia Martius

The rising integration of variable renewable energy sources (RES), like solar and wind power, introduces considerable uncertainty in grid operations and energy management. Effective forecasting models are essential for grid operators to…

系统与控制 · 电气工程与系统科学 2024-08-02 Jesus Silva-Rodriguez , Elias Raffoul , Xingpeng Li

Pricing storage operation in the real-time market under demand and generation stochasticities is considered. A scenario-based stochastic rolling-window dispatch model is formulated for the real-time market, consisting of conventional…

系统与控制 · 电气工程与系统科学 2022-10-20 Cong Chen , Lang Tong

Accurate wind power forecasting can help formulate scientific dispatch plans, which is of great significance for maintaining the safety, stability, and efficient operation of the power system. In recent years, wind power forecasting methods…

机器学习 · 计算机科学 2025-05-05 Yajuan Zhang , Jiahai Jiang , Yule Yan , Liang Yang , Ping Zhang