Accurate long-term electricity load forecasting is critical for energy planning, infrastructure development, and risk management, especially under increasing uncertainty from climate and economic shifts. This study proposes a multi-resolution probabilistic load forecasting framework that leverages temporal hierarchies to generate coherent forecasts at hourly, daily, monthly, and yearly levels. The model integrates climate and economic indicators and employs tailored forecasting techniques at each resolution, including XGBoost and ARIMAX. Initially incoherent forecasts across time scales are reconciled using advanced methods such as Ordinary Least Squares (OLS), Weighted Least Squares with Series Variance Scaling (WLS_V), and Structural Scaling (WLS_S) to ensure consistency. Using historical data from Alberta, Canada, the proposed approach improves the accuracy of deterministic forecasts and enhances the reliability of probabilistic forecasts, particularly when using the OLS reconciliation method. These results highlight the value of temporal hierarchy structures in producing high-resolution long-horizon load forecasts, providing actionable insights for utilities and policymakers involved in long-term energy planning and system optimization.
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Data Sharing and Compression for Cooperative Networked Control
Sharing forecasts of network timeseries data, such as cellular or electricity load patterns, can improve independent control applications ranging from traffic scheduling to power generation. Typically, forecasts are designed without knowledge of a downstream controller's task objective, and thus simply optimize for mean prediction error. However, such task-agnostic representations are often too large to stream over a communication network and do not emphasize salient temporal features for cooperative control. This paper presents a solution to learn succinct, highly-compressed forecasts that are co-designed with a modular controller's task objective. Our simulations with real cellular, Internet-of-Things (IoT), and electricity load data show we can improve a model predictive controller's performance by at least 25% while transmitting 80% less data than the competing method. Further, we present theoretical compression results for a networked variant of the classical linear quadratic regulator (LQR) control problem.
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- Award ID(s):
- 2133481
- PAR ID:
- 10354530
- Date Published:
- Journal Name:
- Advances in Neural Information Processing Systems (NeurIPS)
- Volume:
- 34
- Page Range / eLocation ID:
- 5947-5958
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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