Predicting Energy Demand in Semi-Remote Arctic Locations

Forecasting energy demand within a distribution network is essential for developing strategies to manage and optimize available energy resources and the associated infrastructure. In this study, we consider remote communities in the Arctic located at the end of the radial distribution network withou...

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Main Authors: Odin Foldvik Eikeland, Filippo Maria Bianchi, Harry Apostoleris, Morten Hansen, Yu-Cheng Chiou, Matteo Chiesa
Format: Article in Journal/Newspaper
Language:unknown
Subjects:
Online Access:https://www.mdpi.com/1996-1073/14/4/798/pdf
https://www.mdpi.com/1996-1073/14/4/798/
id ftrepec:oai:RePEc:gam:jeners:v:14:y:2021:i:4:p:798-:d:492481
record_format openpolar
spelling ftrepec:oai:RePEc:gam:jeners:v:14:y:2021:i:4:p:798-:d:492481 2024-04-14T08:07:28+00:00 Predicting Energy Demand in Semi-Remote Arctic Locations Odin Foldvik Eikeland Filippo Maria Bianchi Harry Apostoleris Morten Hansen Yu-Cheng Chiou Matteo Chiesa https://www.mdpi.com/1996-1073/14/4/798/pdf https://www.mdpi.com/1996-1073/14/4/798/ unknown https://www.mdpi.com/1996-1073/14/4/798/pdf https://www.mdpi.com/1996-1073/14/4/798/ article ftrepec 2024-03-19T10:39:40Z Forecasting energy demand within a distribution network is essential for developing strategies to manage and optimize available energy resources and the associated infrastructure. In this study, we consider remote communities in the Arctic located at the end of the radial distribution network without alternative energy supply. Therefore, it is crucial to develop an accurate forecasting model to manage and optimize the limited energy resources available. We first compare the accuracy of several models that perform short-and medium-term load forecasts in rural areas, where a single industrial customer dominates the electricity consumption. We consider both statistical methods and machine learning models to predict energy demand. Then, we evaluate the transferability of each method to a geographical rural area different from the one considered for training. Our results indicate that statistical models achieve higher accuracy on longer forecast horizons relative to neural networks, while the machine-learning approaches perform better in predicting load at shorter time intervals. The machine learning models also exhibit good transferability, as they manage to predict well the load at new locations that were not accounted for during training. Our work will serve as a guide for selecting the appropriate prediction model and apply it to perform energy load forecasting in rural areas and in locations where historical consumption data may be limited or even not available. energy load predictions; statistical- and machine-learning-based approaches; short-term load forecasting; longer forecasting horizons; transferability predictions Article in Journal/Newspaper Arctic RePEc (Research Papers in Economics) Arctic
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description Forecasting energy demand within a distribution network is essential for developing strategies to manage and optimize available energy resources and the associated infrastructure. In this study, we consider remote communities in the Arctic located at the end of the radial distribution network without alternative energy supply. Therefore, it is crucial to develop an accurate forecasting model to manage and optimize the limited energy resources available. We first compare the accuracy of several models that perform short-and medium-term load forecasts in rural areas, where a single industrial customer dominates the electricity consumption. We consider both statistical methods and machine learning models to predict energy demand. Then, we evaluate the transferability of each method to a geographical rural area different from the one considered for training. Our results indicate that statistical models achieve higher accuracy on longer forecast horizons relative to neural networks, while the machine-learning approaches perform better in predicting load at shorter time intervals. The machine learning models also exhibit good transferability, as they manage to predict well the load at new locations that were not accounted for during training. Our work will serve as a guide for selecting the appropriate prediction model and apply it to perform energy load forecasting in rural areas and in locations where historical consumption data may be limited or even not available. energy load predictions; statistical- and machine-learning-based approaches; short-term load forecasting; longer forecasting horizons; transferability predictions
format Article in Journal/Newspaper
author Odin Foldvik Eikeland
Filippo Maria Bianchi
Harry Apostoleris
Morten Hansen
Yu-Cheng Chiou
Matteo Chiesa
spellingShingle Odin Foldvik Eikeland
Filippo Maria Bianchi
Harry Apostoleris
Morten Hansen
Yu-Cheng Chiou
Matteo Chiesa
Predicting Energy Demand in Semi-Remote Arctic Locations
author_facet Odin Foldvik Eikeland
Filippo Maria Bianchi
Harry Apostoleris
Morten Hansen
Yu-Cheng Chiou
Matteo Chiesa
author_sort Odin Foldvik Eikeland
title Predicting Energy Demand in Semi-Remote Arctic Locations
title_short Predicting Energy Demand in Semi-Remote Arctic Locations
title_full Predicting Energy Demand in Semi-Remote Arctic Locations
title_fullStr Predicting Energy Demand in Semi-Remote Arctic Locations
title_full_unstemmed Predicting Energy Demand in Semi-Remote Arctic Locations
title_sort predicting energy demand in semi-remote arctic locations
url https://www.mdpi.com/1996-1073/14/4/798/pdf
https://www.mdpi.com/1996-1073/14/4/798/
geographic Arctic
geographic_facet Arctic
genre Arctic
genre_facet Arctic
op_relation https://www.mdpi.com/1996-1073/14/4/798/pdf
https://www.mdpi.com/1996-1073/14/4/798/
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