Mid Term Electricity

Mid-term electricity load forecasting, predicting electricity demand from weeks to a year ahead, is crucial for power system planning, grid stability, and energy trading. Research focuses on improving forecasting accuracy using advanced machine learning models, such as Generalized Additive Models (GAMs), Convolutional Neural Networks (CNNs), Recurrent Neural Networks (RNNs, including LSTMs and BiLSTMs), and hybrid architectures combining these approaches, often incorporating weather data and calendar information. These improvements are significant because accurate mid-term forecasts enable better resource allocation, enhance grid reliability, and optimize energy market operations.

Papers