Trend analysis and evolution of Short Term Load Forecasting Techniques

Takiyar, Swati; Singh, V. P.

doi:10.1109/icrito.2015.7359233

Cited by 8 publications

(2 citation statements)

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“…In addition, both heating and gas grids can be fed with excess renewable electricity through conversion technologies such as ‘Power to Gas’ and ‘Power to Heat.’ Yet such integration, increases the need for accurate volatile renewable power forecasts. Furthermore, load forecasts are an important tool for energy utility companies (especially in competitive energy markets), because they depend on such information to conduct relevant decisions, such as electricity generation and purchasing, as well as infrastructure planning …”

Section: Introductionmentioning

confidence: 99%

“…Furthermore, load forecasts are an important tool for energy utility companies (especially in competitive energy markets 12 ), because they depend on such information to conduct relevant decisions, such as electricity generation and purchasing, as well as infrastructure planning. 13,14 The ever-increasing number of energy-related forecasting tools and services available is reflective of the importance of energy forecasts. However, the sheer volume of tools and services available make understanding the differences among them a complicated task.…”

Section: Introductionmentioning

confidence: 99%

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Energy forecasting tools and services

Ordiano

Waczowicz

Hagenmeyer

et al. 2017

WIREs Data Min & Knowl

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The increasing complexity of the power grid and the continuous integration of volatile renewable energy systems on all aspects of it have made more precise forecasts of both energy supply and demand necessary for the future Smart Grid. Yet, the ever increasing volume of tools and services makes it difficult for users (e.g., energy utility companies) and researchers to obtain even a general sense of what each tool or service offers. The present contribution provides an overview and categorization of several energy‐related forecasting tools and services (specifically for load and volatile renewable power), as well as general information regarding principles of time series, load, and volatile renewable power forecasting. WIREs Data Mining Knowl Discov 2018, 8:e1235. doi: 10.1002/widm.1235 This article is categorized under: Application Areas > Business and Industry Application Areas > Data Mining Software Tools Technologies > Prediction

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%