Electricity Supply Forecasting: Difference between revisions

* '''Decision-integration:''' As supply and demand forecasts ultimately need to inform power system optimization decisions, a fruitful direction may be to integrate knowledge of how these decisions are made into ML models. For instance, deep neural networks have been used to forecast electricity demand in a way that optimizes for electricity scheduling costs rather than forecast accuracy,<ref>Donti, Priya, Brandon Amos, and J. Zico Kolter. "Task-based end-to-end model learning in stochastic optimization." In ''Advances in Neural Information Processing Systems'', pp. 5484-5494. 2017.</ref> and this notion could be extended to optimizing for greenhouse gas emissions.

* '''Interpretable/explainable ML and uncertainty quantification:''' Techniques that explain or quantify the uncertainty of forecasts could help power system operators better integrate these forecasts into their operations, and facilitate applications such as robust optimization.