OpΕnergy: An Intelligent System for Monitoring EU Energy Strategy Using EU Open Data

Kleanthis Koupidis, Charalampos Bratsas and Christos Vlachokostas ()
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Kleanthis Koupidis: Open Knowledge Foundation Greece, 54352 Thessaloniki, Greece
Charalampos Bratsas: Open Knowledge Foundation Greece, 54352 Thessaloniki, Greece
Christos Vlachokostas: Faculty of Engineering, School of Mechanical Engineering, Sustainability Engineering Laboratory, Aristotle University Thessaloniki, Box 483, Aristotle University, 54124 Thessaloniki, Greece

Energies, 2022, vol. 15, issue 21, 1-15

Abstract: In this paper, the basic structure of an ICT platform of energy indicators, Openergy, is analytically presented, leveraging energy open data to help address the energy crisis more democratically. More specifically, its applicability as a dynamic tool for the management of climate, environmental, and socioeconomic information is described, and its efficiency in helping uncover insights for optimal data-driven decisions is depicted. Openergy uses data from the official portal for European data and the Eurostat site. Its database consists of data related to six energy categories, EU 2020 energy targets, energy balance, electricity production, transport fuels, heat production, and gas emissions, and each one includes its own indicators for EU countries. The platform includes visualizations of these data as well as time series modeling and forecasting, and the results are depicted at Openergy platform. The time series modeling provides forecasts with confidence intervals of each indicator until 2020 in each energy category. Empirical validation, RMSE, and MAE values showed that in almost all cases and estimations, the predicted values are in very good agreement with the observed values.

Keywords: open data; energy indicators; intelligent systems; energy system; data analysis; informed governance (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
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