This book provides an introduction to forecasting methods for renewable energy sources integrated with existing grid. It consists of two sections; the first one is on the generation side forecasting methods, while the second section deals with the different ways of load forecasting. It broadly includes artificial intelligence, machine learning, hybrid techniques and other state-of-the-art techniques for renewable energy and load predictions. The book reflects the state of the art in distributed generation system and future microgrids and covers theory, algorithms, simulations and case studies. It offers invaluable insights through this valuable resource to students and researchers working in the fields of renewable energy, integration of renewable energy with existing grid and electrical distribution network.

Renewable Energy Forecasting: From Models to Applications provides an overview of the state-of-the-art of renewable energy forecasting technology and its applications. After an introduction to the principles of meteorology and renewable energy generation, groups of chapters address forecasting models, very short-term forecasting, forecasting of extremes, and longer term forecasting. The final part of the book focuses on important applications of forecasting for power system management and in energy markets. Due to shrinking fossil fuel reserves and concerns about climate change, renewable energy holds an increasing share of the energy mix. Solar, wind, wave, and hydro energy are dependent on highly variable weather conditions, so their increased penetration will lead to strong fluctuations in the power injected into the electricity grid, which needs to be managed. Reliable, high quality forecasts of renewable power generation are therefore essential for the smooth integration of large amounts of solar, wind, wave, and hydropower into the grid as well as for the profitability and effectiveness of such renewable energy projects. Offers comprehensive coverage of wind, solar, wave, and hydropower forecasting in one convenient volume Addresses a topic that is growing in importance, given the increasing penetration of renewable energy in many countries Reviews state-of-the-science techniques for renewable energy forecasting Contains chapters on operational applications

Load forecasting has always been an integral part of plant operation. Energy usage is tied to economics and national prosperity. The power grid is in a perpetual state of balance, with the customers consuming the exact amount of energy the utility provides. Knowing the load forecast allows for proper planning and dispatching of energy generation. Over the past several decades, power planners have only been worried about the unknown being load demand. Generation of energy was always assumed to be dispatchable on-demand, like coal, natural gas, etc., due to the abundant supply, which helps also keep energy prices low. Predicting solar irradiation and demand is a challenging task. In this thesis, several methods used in the literature for forecasting load and sun irradiance, such as Auto-Regressive Integrated Moving Average, Moving Average, Long Short-Term Memory, and Support Vector Machines are investigated. Atwo-layer battery management algorithm is used with historical data for load and sun irradiance of a large facility in Downtown Los Angeles to compare these methods in a practical setting. Both load and sun irradiance forecasting methods have been further categorized into short-term and long-term to be used in each layer of the controller. After finding the best algorithm in each category, they have been further optimized to improve their accuracy, and then the two-layer algorithm with optimized forecasts is compared with a conventional peak shaving method.

"The addition of solar panels to forecasting energy demand and peak energy demand presents an entirely new challenge to a facility. By having to account for the varying energy generation from the solar panels on any given day based on the weather it becomes increasingly difficult to accurately predict energy demand. With renewable energy sources becoming more prevalent, new methods to track peak energy demand are needed to account for the energy provided by renewable sources. We know from previous research that Artificial Neural Networks (ANN) and Auto Regressive Integrated Moving Average (ARIMA) models are both capable of accurately forecasting building demand and peak electric load days without the presence of solar panels. The goal of this research was to take three different approaches for both the ANN model and the ARIMA model to find the most accurate method for forecasting monthly energy demand and peak load days while considering the varying daily solar energy production. The first approach used was to forecast net demand outright based on relevant historical training data including weather information that would help the models learn how this information affected the overall net demand. The second approach was to forecast the building demand specifically based on the same relevant historical data and then use a random decision tree forest to predict the cluster of day that each day of the month would be in terms of solar production (high, medium with early peak, medium with late peak, low). After the type of day was predicted we would subtract the average solar energy production of the predicted cluster to receive our forecasted net demand for that day. The third approach was similar to the second, but instead of subtracting the average of the cluster we subtracted multiple randomly generated days from that cluster to provide multiple overlapping forecasts. This was specifically used to try and better predict peak load days by testing the hypothesis that if 80% or higher predicted a peak day it would in fact be a peak day. The ANN model outperformed the ARIMA for each approach. Forecasting multiple days was the best of the three approaches. The multiple day ANN forecast had the highest balanced accuracy and sensitivity, the net demand ANN approach was the 2nd most accurate approach and the average solar ANN forecast was the 3rd best approach in terms of balanced accuracy and sensitivity. Based on the outcomes of this study, consumers and institutions such as RIT will be better able to predict peak usage days and use preventative measures to save money by reducing their energy intake on those predicted days. Another benefit will be that energy distribution companies will be able to accurately predict the amount of energy customers with personal solar panels will need in addition to the solar energy they are using. This will allow a greater level of reliability from the providers. Being able to accurately forecast energy demand with the presence of solar energy is going to be critical with the ever-increasing usage of renewable energy."--Abstract.

Succinct and understandable, this book is a step-by-step guide to the mathematics and construction of electrical load forecasting models. Written by one of the world’s foremost experts on the subject, Electrical Load Forecasting provides a brief discussion of algorithms, their advantages and disadvantages and when they are best utilized. The book begins with a good description of the basic theory and models needed to truly understand how the models are prepared so that they are not just blindly plugging and chugging numbers. This is followed by a clear and rigorous exposition of the statistical techniques and algorithms such as regression, neural networks, fuzzy logic, and expert systems. The book is also supported by an online computer program that allows readers to construct, validate, and run short and long term models. Step-by-step guide to model construction Construct, verify, and run short and long term models Accurately evaluate load shape and pricing Creat regional specific electrical load models

Electric Power Systems: Advanced Forecasting Techniques and Optimal Generation Scheduling helps readers develop their skills in modeling, simulating, and optimizing electric power systems. Carefully balancing theory and practice, it presents novel, cutting-edge developments in forecasting and scheduling. The focus is on understanding and solving pivotal problems in the management of electric power generation systems. Methods for Coping with Uncertainty and Risk in Electric Power Generation Outlining real-world problems, the book begins with an overview of electric power generation systems. Since the ability to cope with uncertainty and risk is crucial for power generating companies, the second part of the book examines the latest methods and models for self-scheduling, load forecasting, short-term electricity price forecasting, and wind power forecasting. Toward Optimal Coordination between Hydro, Thermal, and Wind Power Using case studies, the third part of the book investigates how to achieve the most favorable use of available energy sources. Chapters in this section discuss price-based scheduling for generating companies, optimal scheduling of a hydro producer, hydro-thermal coordination, unit commitment with wind generators, and optimal optimization of multigeneration systems. Written in a pedagogical style that will appeal to graduate students, the book also expands on research results that are useful for engineers and researchers. It presents the latest techniques in increasingly important areas of power system operations and planning.

This comprehensive open access book enables readers to discover the essential techniques for load forecasting in electricity networks, particularly for active distribution networks. From statistical methods to deep learning and probabilistic approaches, the book covers a wide range of techniques and includes real-world applications and a worked examples using actual electricity data (including an example implemented through shared code). Advanced topics for further research are also included, as well as a detailed appendix on where to find data and additional reading. As the smart grid and low carbon economy continue to evolve, the proper development of forecasting methods is vital. This book is a must-read for students, industry professionals, and anyone interested in forecasting for smart control applications, demand-side response, energy markets, and renewable utilization.