no code implementations • 7 Nov 2023 • Direnc Pekaslan, Jose Maria Alonso-Moral, Kasun Bandara, Christoph Bergmeir, Juan Bernabe-Moreno, Robert Eigenmann, Nils Einecke, Selvi Ergen, Rakshitha Godahewa, Hansika Hewamalage, Jesus Lago, Steffen Limmer, Sven Rebhan, Boris Rabinovich, Dilini Rajapasksha, Heda Song, Christian Wagner, Wenlong Wu, Luis Magdalena, Isaac Triguero
These competitions focus on accurate energy consumption forecasting and the importance of interpretability in understanding the underlying factors.
no code implementations • 2 Apr 2022 • Arkadiusz Jędrzejewski, Jesus Lago, Grzegorz Marcjasz, Rafał Weron
Electricity price forecasting (EPF) is a branch of forecasting on the interface of electrical engineering, statistics, computer science, and finance, which focuses on predicting prices in wholesale electricity markets for a whole spectrum of horizons.
no code implementations • 3 Dec 2020 • Tomas Pippia, Jesus Lago, Roel De Coninck, Bart De Schutter
In this article, we combine a stochastic scenario-based MPC (SBMPC) controller together with a nonlinear Modelica model that is able to provide a richer building description and to capture the dynamics of the building more accurately than linear models.
1 code implementation • 18 Aug 2020 • Jesus Lago, Grzegorz Marcjasz, Bart De Schutter, Rafał Weron
While the field of electricity price forecasting has benefited from plenty of contributions in the last two decades, it arguably lacks a rigorous approach to evaluating new predictive algorithms.
no code implementations • 18 Aug 2020 • Grzegorz Marcjasz, Jesus Lago, Rafał Weron
One of such factors is the network's structure.
no code implementations • 12 Nov 2019 • Jesus Lago, Karel De Brabandere, Fjo De Ridder, Bart De Schutter
Due to the increasing integration of solar power into the electrical grid, forecasting short-term solar irradiance has become key for many applications, e. g.~operational planning, power purchases, reserve activation, etc.
no code implementations • 1 Aug 2017 • Jesus Lago, Fjo De Ridder, Peter Vrancx, Bart De Schutter
Motivated by the increasing integration among electricity markets, in this paper we propose two different methods to incorporate market integration in electricity price forecasting and to improve the predictive performance.