Short-Term Load Forecasting for Spanish Insular Electric Systems

Short-Term Load Forecasting for Spanish Insular Electric Systems

In any electric power system, the Transmission System Operator (TSO) requires the use of short-term load forecasting algorithms. These predictions are essential for appropriate planning of the energy resources and optimal coordination for the generation agents. This study focuses on the development...

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Main Authors: Eduardo Caro, Jesús Juan
Format: Article
Language:English
Published: MDPI AG 2020-07-01
Series:Energies
Subjects:
short-term electric load forecasting
time series
Seasonal Reg-ARIMA models
Online Access:https://www.mdpi.com/1996-1073/13/14/3645
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spelling doaj-5e06c0d5436f4ca08e9b4d2bdd8538042020-11-25T03:33:41ZengMDPI AGEnergies1996-10732020-07-01133645364510.3390/en13143645Short-Term Load Forecasting for Spanish Insular Electric SystemsEduardo Caro0Jesús Juan1Statistics Laboratory, ETSII, University Politécnica de Madrid. C/José Gutiérrez Abascal, 2, 28006 Madrid, SpainStatistics Laboratory, ETSII, University Politécnica de Madrid. C/José Gutiérrez Abascal, 2, 28006 Madrid, SpainIn any electric power system, the Transmission System Operator (TSO) requires the use of short-term load forecasting algorithms. These predictions are essential for appropriate planning of the energy resources and optimal coordination for the generation agents. This study focuses on the development of a prediction model to be applied to the ten main Spanish islands: seven insular systems in the Canary Islands, and three systems in the Balearic Islands. An exhaustive analysis is presented concerning both the estimation results and the forecasting accuracy, benchmarked against an alternative prediction software and a set of modified models. The developed models are currently being used by the Spanish TSO (Red Eléctrica de España, REE) to make hourly one-day-ahead forecasts of the electricity demand of insular systems.https://www.mdpi.com/1996-1073/13/14/3645short-term electric load forecastingtime seriesSeasonal Reg-ARIMA models
collection DOAJ
language English
format Article
sources DOAJ
author Eduardo Caro
Jesús Juan
spellingShingle Eduardo Caro
Jesús Juan
Short-Term Load Forecasting for Spanish Insular Electric Systems
Energies
short-term electric load forecasting
time series
Seasonal Reg-ARIMA models
author_facet Eduardo Caro
Jesús Juan
author_sort Eduardo Caro
title Short-Term Load Forecasting for Spanish Insular Electric Systems
title_short Short-Term Load Forecasting for Spanish Insular Electric Systems
title_full Short-Term Load Forecasting for Spanish Insular Electric Systems
title_fullStr Short-Term Load Forecasting for Spanish Insular Electric Systems
title_full_unstemmed Short-Term Load Forecasting for Spanish Insular Electric Systems
title_sort short-term load forecasting for spanish insular electric systems
publisher MDPI AG
series Energies
issn 1996-1073
publishDate 2020-07-01
description In any electric power system, the Transmission System Operator (TSO) requires the use of short-term load forecasting algorithms. These predictions are essential for appropriate planning of the energy resources and optimal coordination for the generation agents. This study focuses on the development of a prediction model to be applied to the ten main Spanish islands: seven insular systems in the Canary Islands, and three systems in the Balearic Islands. An exhaustive analysis is presented concerning both the estimation results and the forecasting accuracy, benchmarked against an alternative prediction software and a set of modified models. The developed models are currently being used by the Spanish TSO (Red Eléctrica de España, REE) to make hourly one-day-ahead forecasts of the electricity demand of insular systems.
topic short-term electric load forecasting
time series
Seasonal Reg-ARIMA models
url https://www.mdpi.com/1996-1073/13/14/3645
work_keys_str_mv AT eduardocaro shorttermloadforecastingforspanishinsularelectricsystems
AT jesusjuan shorttermloadforecastingforspanishinsularelectricsystems
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