2019
DOI: 10.3390/en12101833
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Intraday Load Forecasts with Uncertainty

Abstract: We provide a comprehensive framework for forecasting five minute load using Gaussian processes with a positive definite kernel specifically designed for load forecasts. Gaussian processes are probabilistic, enabling us to draw samples from a posterior distribution and provide rigorous uncertainty estimates to complement the point forecast, an important benefit for forecast consumers. As part of the modeling process, we discuss various methods for dimension reduction and explore their use in effectively incorpo… Show more

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Cited by 5 publications
(9 citation statements)
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“…Our target in this step is forecasting load data based on posterior process. It is assumed that the output function for a set of input amounts has a prior distribution as follows (Kozak et al, 2019):…”
Section: Prediction Of the System Load By Employing Posterior Processmentioning
confidence: 99%
“…Our target in this step is forecasting load data based on posterior process. It is assumed that the output function for a set of input amounts has a prior distribution as follows (Kozak et al, 2019):…”
Section: Prediction Of the System Load By Employing Posterior Processmentioning
confidence: 99%
“…A prerequisite for developing an accurate forecasting model under atypical consumption behavior or power load uncertainty is a trigger that announces the decision factors for atypical consumption behavior to occur. This knowledge concerning the behav-2 of 15 ior of the load curve is determined by correlation between the influence factors, consumer data and statistical analysis of past consumption [3][4][5][6][7].…”
Section: Introductionmentioning
confidence: 99%
“…The daily forecast accuracy was also evaluated with MAPE and had better results with ARIMAX (5.5%) than with ANN (5.8%). Covering the largest US deregulated wholesale electricity market-Pennsylvania, New Jersey, Maryland (PJM)- [6] assessed forecasting under uncertainty in the pre-COVID-19 era by using a Gaussian process and obtaining an efficiency between 2.21% and 3.20% MAPE. Even though the atypical consumption was not related to COVID-19, the methodology used was suitable for any power load uncertainty related to an unforeseen event.…”
Section: Introductionmentioning
confidence: 99%
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