• Energy Research
• 2025-2025close
• CH close

Energy forecasting is an essential task in power system operations. Operators usually issue forecasts and leverage them to schedule energy dispatch ahead of time. However, forecast models are typically developed in a way that overlooks the operational value of the forecasts. To bridge the gap, we design a value-oriented point forecasting approach for sequential energy dispatch problems with renewable energy sources. At the training phase, we align the loss function with the overall operation cost function, thereby achieving reduced operation costs. The forecast model parameter estimation is formulated as a bilevel program. Under mild assumptions, we convert the upper-level objective into an equivalent form using the dual solutions obtained from the lower-level operation problems. Additionally, a novel iterative solution strategy is proposed for the newly formulated bilevel program. Under such an iterative scheme, we show that the upper-level objective is locally linear regarding the forecast model output, and can act as the loss function. Numerical experiments demonstrate that, compared to commonly used statistical quality-oriented point forecasting methods, forecasts obtained by the proposed approach result in lower operation costs. Meanwhile, the proposed approach is more computationally efficient than traditional two-stage stochastic programs. Accepted in IEEE Transactions on Smart Grid

Energy forecasting is an essential task in power system operations. Operators usually issue forecasts and leverage them to schedule energy dispatch ahead of time. However, forecast models are typically developed in a way that overlooks the operational value of the forecasts. To bridge the gap, we design a value-oriented point forecasting approach for sequential energy dispatch problems with renewable energy sources. At the training phase, we align the loss function with the overall operation cost function, thereby achieving reduced operation costs. The forecast model parameter estimation is formulated as a bilevel program. Under mild assumptions, we convert the upper-level objective into an equivalent form using the dual solutions obtained from the lower-level operation problems. Additionally, a novel iterative solution strategy is proposed for the newly formulated bilevel program. Under such an iterative scheme, we show that the upper-level objective is locally linear regarding the forecast model output, and can act as the loss function. Numerical experiments demonstrate that, compared to commonly used statistical quality-oriented point forecasting methods, forecasts obtained by the proposed approach result in lower operation costs. Meanwhile, the proposed approach is more computationally efficient than traditional two-stage stochastic programs. Accepted in IEEE Transactions on Smart Grid

The European Union's goal of achieving climate neutrality by 2050, outlined in the European Green Deal, is supported by numerous studies providing insights into pathways and emission reduction strategies in the energy sectors. However, model comparisons of such pathways are less common due to the complex nature of climate and energy modelling. Our study brings together integrated assessment models and energy system models under a common framework to develop EU policy scenarios: a Current Trends scenario reflecting existing policies and trends and a Climate Neutrality scenario aligned with the EU's emission reduction target. Both scenarios project reduced final energy consumption by 2050, driven by increased electrification and decreased fossil fuel usage. Electricity consumption increases driven by electrification despite the improved efficiency of electrified technologies. Models align on a shift toward renewables but diverge in technology and fuel choices, reflecting various approaches to reach net-zero energy systems. Furthermore, trade-offs between energy demand and supply mitigation strategies, as well as between renewable energy, e-fuels, and CCS technologies are identified. Considering these model variations, our study highlights the importance of consistent model comparison to offer reliable recommendations to policymakers and stakeholders. We conclude that model diversity is a valuable asset when used sensibly. ISSN:0360-5442 ISSN:1873-6785 Energy, 319

The European Union's goal of achieving climate neutrality by 2050, outlined in the European Green Deal, is supported by numerous studies providing insights into pathways and emission reduction strategies in the energy sectors. However, model comparisons of such pathways are less common due to the complex nature of climate and energy modelling. Our study brings together integrated assessment models and energy system models under a common framework to develop EU policy scenarios: a Current Trends scenario reflecting existing policies and trends and a Climate Neutrality scenario aligned with the EU's emission reduction target. Both scenarios project reduced final energy consumption by 2050, driven by increased electrification and decreased fossil fuel usage. Electricity consumption increases driven by electrification despite the improved efficiency of electrified technologies. Models align on a shift toward renewables but diverge in technology and fuel choices, reflecting various approaches to reach net-zero energy systems. Furthermore, trade-offs between energy demand and supply mitigation strategies, as well as between renewable energy, e-fuels, and CCS technologies are identified. Considering these model variations, our study highlights the importance of consistent model comparison to offer reliable recommendations to policymakers and stakeholders. We conclude that model diversity is a valuable asset when used sensibly. ISSN:0360-5442 ISSN:1873-6785 Energy, 319