Power grid operation optimization and forecasting using a combined forecasting system

Lifang Zhang, Jianzhou Wang and Zhenkun Liu

Journal of Forecasting, 2023, vol. 42, issue 1, 124-153

Abstract: Reliable photovoltaic and wind power generation forecasts are essential for efficient power systems operations. A combined forecasting system is developed, which integrates a data preprocessing method, a sub‐predictor selection rule, and a multi‐objective optimization to integrate various forecasting models. The proposed system effectively aggregates the advantages of all algorithms involved, facilitating greater prediction precision and stability. Experiments indicated that the proposed system can achieve higher quality point and interval forecasting performance relative to the comparative approaches.

Date: 2023
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https://doi.org/10.1002/for.2888

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Persistent link: https://EconPapers.repec.org/RePEc:wly:jforec:v:42:y:2023:i:1:p:124-153

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