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 electricity demand forecasting


DemandCast: Global hourly electricity demand forecasting

arXiv.org Artificial Intelligence

This paper presents a machine learning framework for electricity demand forecasting across diverse geographical regions using the gradient boosting algorithm XGBoost. The model integrates historical electricity demand and comprehensive weather and socioeconomic variables to predict normalized electricity demand profiles. To enable robust training and evaluation, we developed a large-scale dataset spanning multiple years and countries, applying a temporal data-splitting strategy that ensures benchmarking of out-of-sample performance. Our approach delivers accurate and scalable demand forecasts, providing valuable insights for energy system planners and policymakers as they navigate the challenges of the global energy transition.


Short-Term Regional Electricity Demand Forecasting in Argentina Using LSTM Networks

arXiv.org Artificial Intelligence

This study presents the development and optimization of a deep learning model based on Long Short-Term Memory (LSTM) networks to predict short-term hourly electricity demand in Córdoba, Argentina. Integrating historical consumption data with exogenous variables (climatic factors, temporal cycles, and demographic statistics), the model achieved high predictive precision, with a mean absolute percentage error of 3.20\% and a determination coefficient of 0.95. The inclusion of periodic temporal encodings and weather variables proved crucial to capture seasonal patterns and extreme consumption events, enhancing the robustness and generalizability of the model. In addition to the design and hyperparameter optimization of the LSTM architecture, two complementary analyses were carried out: (i) an interpretability study using Random Forest regression to quantify the relative importance of exogenous drivers, and (ii) an evaluation of model performance in predicting the timing of daily demand maxima and minima, achieving exact-hour accuracy in more than two-thirds of the test days and within abs(1) hour in over 90\% of cases. Together, these results highlight both the predictive accuracy and operational relevance of the proposed framework, providing valuable insights for grid operators seeking optimized planning and control strategies under diverse demand scenarios.


AutoML Algorithms for Online Generalized Additive Model Selection: Application to Electricity Demand Forecasting

arXiv.org Machine Learning

Electricity demand forecasting is key to ensuring that supply meets demand lest the grid would blackout. Reliable short-term forecasts may be obtained by combining a Generalized Additive Models (GAM) with a State-Space model (Obst et al., 2021), leading to an adaptive (or online) model. A GAM is an over-parameterized linear model defined by a formula and a state-space model involves hyperparameters. Both the formula and adaptation parameters have to be fixed before model training and have a huge impact on the model's predictive performance. We propose optimizing them using the DRAGON package of Keisler (2025), originally designed for neural architecture search. This work generalizes it for automated online generalized additive model selection by defining an efficient modeling of the search space (namely, the space of the GAM formulae and adaptation parameters). Its application to short-term French electricity demand forecasting demonstrates the relevance of the approach


mshw, a forecasting library to predict short-term electricity demand based on multiple seasonal Holt-Winters

arXiv.org Artificial Intelligence

Transmission system operators have a growing need for more accurate forecasting of electricity demand. Current electricity systems largely require demand forecasting so that the electricity market establishes electricity prices as well as the programming of production units. The companies that are part of the electrical system use exclusive software to obtain predictions, based on the use of time series and prediction tools, whether statistical or artificial intelligence. However, the most common form of prediction is based on hybrid models that use both technologies. In any case, it is software with a complicated structure, with a large number of associated variables and that requires a high computational load to make predictions. The predictions they can offer are not much better than those that simple models can offer. In this paper we present a MATLAB toolbox created for the prediction of electrical demand. The toolbox implements multiple seasonal Holt-Winters exponential smoothing models and neural network models. The models used include the use of discrete interval mobile seasonalities (DIMS) to improve forecasting on special days. Additionally, the results of its application in various electrical systems in Europe are shown, where the results obtained can be seen. The use of this library opens a new avenue of research for the use of models with discrete and complex seasonalities in other fields of application.


Electricity Demand Forecasting through Natural Language Processing with Long Short-Term Memory Networks

arXiv.org Artificial Intelligence

Electricity demand forecasting is a well established research field. Usually this task is performed considering historical loads, weather forecasts, calendar information and known major events. Recently attention has been given on the possible use of new sources of information from textual news in order to improve the performance of these predictions. This paper proposes a Long and Short-Term Memory (LSTM) network incorporating textual news features that successfully predicts the deterministic and probabilistic tasks of the UK national electricity demand. The study finds that public sentiment and word vector representations related to transport and geopolitics have time-continuity effects on electricity demand. The experimental results show that the LSTM with textual features improves by more than 3% compared to the pure LSTM benchmark and by close to 10% over the official benchmark. Furthermore, the proposed model effectively reduces forecasting uncertainty by narrowing the confidence interval and bringing the forecast distribution closer to the truth.


Federated Deep Learning in Electricity Forecasting: An MCDM Approach

arXiv.org Artificial Intelligence

It is well know that Artificial Intelligence (AI) identifies in a broad sense the ability of a machine to learn from experience, to simulate the human intelligence, to adapt to new scenarios, and to get engaged in human-like activities. AI identifies an interdisciplinary area which includes computer science, robotics, engineering, mathematics. Over the years, it has made a rapid progress: it will contribute to the society transformation through the adoption of innovating technologies and creative intelligence and the large-scale implementation of AI in technologies such as IoT, smart speakers, chat-bots, cybersecurity, 3D printing, drones, face emotions analysis, sentiment analysis, natural language processing, and their applications to human resources, marketing, finance, and many others. With the term Machine learning (ML), instead, we identify a branch of AI in which algorithms are used to learn from data to make future decisions or predictions. ML algorithms are trained on past data in order to make future predictions or to support the decision making process. Deep Learning (DL), instead, is a subset of ML and it includes a large family of ML methods and architectures based on Artificial Neural Networks (ANNs). It includes Deep Neural Networks, Deep Belief Networks, Deep Reinforcement Learning, Recurrent Neural Networks and Convolutional Neural Networks, to mention a few of them. DL algorithms have been used in several applications including computer vision, speech recognition, natural language processing, bioinformatics, medical image analysis, and in most of these areas they have demonstrated to perform better than humans. In the recent years DL has disrupted every application domain and it provides a robust, generalized, and scalable approach to work with different data types, including time-series data [1-4].


Ensemble Forecasting of Monthly Electricity Demand using Pattern Similarity-based Methods

arXiv.org Machine Learning

This work presents ensemble forecasting of monthly electricity demand using pattern similarity-based forecasting methods (PSFMs). PSFMs applied in this study include $k$-nearest neighbor model, fuzzy neighborhood model, kernel regression model, and general regression neural network. An integral part of PSFMs is a time series representation using patterns of time series sequences. Pattern representation ensures the input and output data unification through filtering a trend and equalizing variance. Two types of ensembles are created: heterogeneous and homogeneous. The former consists of different type base models, while the latter consists of a single-type base model. Five strategies are used for controlling a diversity of members in a homogeneous approach. The diversity is generated using different subsets of training data, different subsets of features, randomly disrupted input and output variables, and randomly disrupted model parameters. An empirical illustration applies the ensemble models as well as individual PSFMs for comparison to the monthly electricity demand forecasting for 35 European countries.


Electricity Demand Forecasting using Gaussian Processes

AAAI Conferences

We present an electricity demand forecasting algorithm based on Gaussian processes. By introducing a task-specific, custom covariance function k_power, which incorporates all available seasonal information as well as weather data, we are able to make accurate predictions of power consumption and renewable energy production. The hyper-parameters of the Gaussian process are optimized automatically using marginal likelihood maximization. There are no parameters to be specified by the user. We evaluate the prediction performance on simulated data and get superior results compared to a simple baseline method.