Forecasts are usually evaluated in terms of accuracy. With regard to application, the question arises if the most accurate forecast is also optimal in terms of forecast related costs and risks. Combining insights from research and practice, we show that this is indeed not necessarily the case....

The growing number of electric vehicles (EVs) will challenge the power system, but EVs may also have balancing effects via smart charging. Modeling EVs’ system-level impact while respecting computational constraints requires the aggregation of individual profiles. We show that studies...