Probabilistic Forecasting Methods for System-Level Electricity Load Forecasting

10/17/2022

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by   Philipp Giese, et al.

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Load forecasts have become an integral part of energy security. Due to the various influencing factors that can be considered in such a forecast, there is also a wide range of models that attempt to integrate these parameters into a system in various ways. Due to the growing importance of probabilistic load forecast models, different approaches are presented in this analysis. The focus is on different models from the short-term sector. After that, another model from the long-term sector is presented. Then, the presented models are put in relation to each other and examined with reference to advantages and disadvantages. Afterwards, the presented papers are analyzed with focus on their comparability to each other. Finally, an outlook on further areas of development in the literature will be discussed.