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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao IEEE Transactions on...arrow_drop_down
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IEEE Transactions on Smart Grid
Article . 2016 . Peer-reviewed
License: IEEE Copyright
Data sources: Crossref
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Forecasting Uncertainty in Electricity Smart Meter Data by Boosting Additive Quantile Regression

Authors: Taieb, Souhaib Ben; Huser, Raphaël; Hyndman, Rob J.; Genton, Marc G.;

Forecasting Uncertainty in Electricity Smart Meter Data by Boosting Additive Quantile Regression

Abstract

Smart electricity meters are currently deployed in millions of households to collect detailed individual electricity consumption data. Compared with traditional electricity data based on aggregated consumption, smart meter data are much more volatile and less predictable. There is a need within the energy industry for probabilistic forecasts of household electricity consumption to quantify the uncertainty of future electricity demand in order to undertake appropriate planning of generation and distribution. We propose to estimate an additive quantile regression model for a set of quantiles of the future distribution using a boosting procedure. By doing so, we can benefit from flexible and interpretable models, which include an automatic variable selection. We compare our approach with three benchmark methods on both aggregated and disaggregated scales using a smart meter data set collected from 3639 households in Ireland at 30-min intervals over a period of 1.5 years. The empirical results demonstrate that our approach based on quantile regression provides better forecast accuracy for disaggregated demand, while the traditional approach based on a normality assumption (possibly after an appropriate Box-Cox transformation) is a better approximation for aggregated demand. These results are particularly useful since more energy data will become available at the disaggregated level in the future.

Country
Saudi Arabia
Keywords

Predictive models, Load modeling, Load forecasting, Smart meters, Uncertainty, Forecasting, Probabilistic logic

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    citations
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    149
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 1%
    influence
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
149
Top 1%
Top 1%
Top 1%
Related to Research communities
Energy Research