Energy forecasting: A review and outlook

Tao Hong, Pierre Pinson, Yi Wang, Rafał Weron, Dazhi Yang and Hamidreza Zareipour

No WORMS/20/08, WORking papers in Management Science (WORMS) from Department of Operations Research and Business Intelligence, Wroclaw University of Science and Technology

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.

Keywords: Energy forecasting; Load forecasting; Electricity price forecasting; Wind forecasting; Solar forecasting (search for similar items in EconPapers)
JEL-codes: C51 C52 C53 Q41 Q47 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2020-05-07
New Economics Papers: this item is included in nep-ene, nep-for, nep-hpe and nep-reg
References: Add references at CitEc
Citations: View citations in EconPapers (93)

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https://worms.pwr.edu.pl/RePEc/ahh/wpaper/WORMS_20_08.pdf Original version, 2020 (application/pdf)

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