Abstract
Distribution System Operators (DSOs) and Aggregators benefit from novel Energy Generation Forecasting (EGF) approaches. Improved forecasting accuracy may make it easier to deal with energy imbalances between production and consumption. It also aids operations such as Demand Response (DR) management in Smart Grid architecture. This work aims to develop and test a new solution for EGF. It combines various methodologies running EGF tests on historical data from buildings. The experimentation yields different data resolutions (15 min, one hour, one day, etc.) while reporting accuracy errors. The optimal forecasting technique should be relevant to a variety of forecasting applications in a trial-and-error manner, while utilizing different forecasting strategies, ensemble approaches, and algorithms. The final forecasting evaluation incorporates performance metrics such as coefficient of determination ({R^{2}}), Mean Absolute Error (MAE), Mean Squared Error (MSE) and Root Mean Squared Error (RMSE), presenting a comparative analysis of results.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.