Introduction to Energy Forecasting

The standard outline is listed below. The IEEE version (co-instructed with several other energy forecasting experts) is available HERE.

Course Outline

Forecasting principles
  • Predictable or not?
  • Forecasting terminologies
  • Signal, noise and tradeoff
  • Forecast combination
  • Diffusion of innovation
  • Judgmental forecasting
Forecasting practices
  • Forecast evaluation
  • Univariate models
  • Multivariate models
  • Machine learning techniques
Electric load forecasting
  • Driving factors
  • Short term load forecasting
  • Long term load forecasting
  • Modern challenges
Gas load forecasting
  • Driving factors
  • Methodologies 
Wind power forecasting
  • Characteristics of wind and wind generation
  • Key milestones in the literature 
  • Probabilistic wind power forecasting
  • Evaluating wind power forecasts
Solar power forecasting
  • Driving factors of solar power generation
  • Forecasting power output of solar farms
  • Forecasting power output of rooftop PV
Gas and electricity price forecasting
  • Gas price forecasting
  • Electricity price forecasting
Global Energy Forecasting Competitions
  • GEFCom2012: hierarchical load forecasting and wind power forecasting
  • GEFCom2014: probabilistic energy forecasting
  • An outlook of energy forecasting