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One of the main challenges for widespread penetration of plug-in hybrid electric vehicles (PHEVs) is their impact on the electricity grid. The energy sector must anticipate and prepare for this extra demand and implement long-term planning for electricity production. In this paper, the...
Persistent link: https://www.econbiz.de/10011274570
Accurate wind power forecasts highly contribute to the integration of wind power into power systems. The focus of the present study is on large-scale offshore wind farms and the complexity of generating accurate probabilistic forecasts of wind power fluctuations at time-scales of a few minutes....
Persistent link: https://www.econbiz.de/10010668063
Monthly forecasting of electric energy consumption is important for planning the generation and distribution of power … waves were modeled separately by a grey model and radio basis function neural networks. Adding the forecasting values of … each model can yield the forecasting results for monthly electricity consumption. The grey model has a good capability for …
Persistent link: https://www.econbiz.de/10010668113
) network for forecasting LMPs in a day-ahead market. The PCA network extracts essential features from periodic information in … the market. These features serve as inputs to the MLF network for forecasting LMPs. The historical LMPs in the PJM market … are employed to test the proposed method. It is found that the proposed method is capable of forecasting day-ahead LMP …
Persistent link: https://www.econbiz.de/10010668182
-based energy demand forecasting model is proposed and appliedto forecast China's energy consumption until 2020. The energy demand …
Persistent link: https://www.econbiz.de/10010897977
Short-term solar irradiance forecasting (STSIF) is of great significance for the optimal operation and power …
Persistent link: https://www.econbiz.de/10010676107
This article analyzes the demand for electricity and provides out-of-sample forecasting at the sectoral level using a … one would expect if the forecasting relationship is stationary. The long-run parameter estimates are then used to conduct … ex-ante forecasting under plausible assumptions for policy making. …
Persistent link: https://www.econbiz.de/10010718767
A<b> </b>new short-term probabilistic forecasting method is proposed to predict the probability density function of the … effectiveness and advantages of the proposed forecasting method. …
Persistent link: https://www.econbiz.de/10011030942
Bayesian inference in a time series model provides exact, out-of-sample predictive distributions that fully and coherently incorporate parameter uncertainty. This study compares and evaluates Bayesian predictive distributions from alternative models, using as an illustration five alternative...
Persistent link: https://www.econbiz.de/10011605015
We propose a new algorithm which allows easy estimation of Vector Autoregressions (VARs) featuring asymmetric priors and time varying volatilities, even when the cross sectional dimension of the system N is particularly large. The algorithm is based on a simple triangularisation which allows to...
Persistent link: https://www.econbiz.de/10011460766