Energy Forecasting: A Review and Outlook
Tao Hong, Pierre Pinson, Yi Wang, Rafał Weron, Dazhi Yang, and Hamidreza Zareipour
Abstract
Forecasting has been an essential part of the power and energy industry. Researchers and practitioners have contributed thousands of papers on forecasting electricity demand and prices, and renewable generation (e.g., wind and solar power). This paper offers a brief review of influential energy forecasting papers; summarizes research trends; discusses importance of reproducible research and points out six valuable open data sources; makes recommendations about publishing high-quality research papers; and offers an outlook into the future of energy forecasting.
Topics & Concepts
Renewable energyWind powerElectricityDemand forecastingPublishingWind power forecastingQuality (philosophy)Environmental economicsEconomicsData scienceEngineeringPower (physics)Operations researchComputer scienceElectric power systemPolitical scienceElectrical engineeringLawPhysicsPhilosophyEpistemologyQuantum mechanicsEnergy Load and Power ForecastingElectric Power System OptimizationEnergy Efficiency and Management