Photovoltaic solar energy is booming due to the continuous improvement in photovoltaic panel efficiency along with a downward trend in production costs. In addition, the European Union is committed to easing the implementation of renewable energy in many companies in order to obtain funding to install their own panels. Nonetheless, the nature of solar energy is intermittent and uncontrollable. This leads us to an uncertain scenario which may cause instability in photovoltaic systems. This research addresses this problem by implementing intelligent models to predict the production of solar energy. Real data from a solar farm in Scotland was utilized in this study. Finally, the models were able to accurately predict the energy to be produced in the next hour using historical information as predictor variables.
Pattern sequence-based models are a type of forecasting algorithm that utilizes clustering and other techniques to produce easily interpretable predictions faster than traditional machine learning models. This research focuses on their application in energy demand forecasting and introduces two significant contributions to the field. Firstly, this study evaluates the use of pattern sequence-based models with large datasets. Unlike previous works that use only one dataset or multiple datasets with less than two years of data, this work evaluates the models in three different public datasets, each containing eleven years of data. Secondly, we propose a new pattern sequence-based algorithm that uses a genetic algorithm to optimize the number of clusters alongside all other hyperparameters of the forecasting method, instead of using the Cluster Validity Indices (CVIs) commonly used in previous proposals. The results indicate that neural networks provide more accurate results than any pattern sequence-based algorithm and that our proposed algorithm outperforms other pattern sequence-based algorithms, albeit with a longer training time.
The energy supply sector faces significant challenges, such as the ongoing COVID-19 pandemic and the ongoing conflict in Ukraine, which affect the stability and efficiency of the energy system. In this study, we highlight the importance of electricity pricing and the need for accurate models to estimate electricity consumption and prices, with a focus on Spain. Using hourly data, we implemented various machine learning models, including linear regression, random forest, XGBoost, LSTM, and GRU, to forecast electricity consumption and prices. Our findings have important policy implications. Firstly, our study demonstrates the potential of using advanced analytics to enhance the accuracy of electricity price and consumption forecasts, helping policymakers anticipate changes in energy demand and supply and ensure grid stability. Secondly, we emphasize the importance of having access to high-quality data for electricity demand and price modeling. Finally, we provide insights into the strengths and weaknesses of different machine learning algorithms for electricity price and consumption modeling. Our results show that the LSTM and GRU artificial neural networks are the best models for price and consumption modeling with no significant difference.
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