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Smart City 360°. First EAI International Summit, Smart City 360°, Bratislava, Slovakia and Toronto, Canada, October 13-16, 2015. Revised Selected Papers

Research Article

Trends in Short-Term Renewable and Load Forecasting for Applications in Smart Grid

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  • @INPROCEEDINGS{10.1007/978-3-319-33681-7_24,
        author={Dongchan Lee and Jangwon Park and Deepa Kundur},
        title={Trends in Short-Term Renewable and Load Forecasting for Applications in Smart Grid},
        proceedings={Smart City 360°. First EAI International Summit, Smart City 360°, Bratislava, Slovakia and Toronto, Canada, October 13-16, 2015. Revised Selected Papers},
        proceedings_a={SMARTCITY360},
        year={2016},
        month={6},
        keywords={Load forecasting Renewable forecasting Demand response Microgrid Energy management system Neural network Support vector machine Smart grid},
        doi={10.1007/978-3-319-33681-7_24}
    }
    
  • Dongchan Lee
    Jangwon Park
    Deepa Kundur
    Year: 2016
    Trends in Short-Term Renewable and Load Forecasting for Applications in Smart Grid
    SMARTCITY360
    Springer
    DOI: 10.1007/978-3-319-33681-7_24
Dongchan Lee1,*, Jangwon Park1,*, Deepa Kundur1,*
  • 1: University of Toronto
*Contact email: dongchan.lee@utoronto.ca, jangwon.park@utoronto.ca, dkundur@comm.utoronto.ca

Abstract

The development of smart grid paradigm enabled greater integration of renewable energy sources into the generation mix based on the renewable and load forecasting. This paper presents a review of applications and recent development in short-term forecasting methods for smart grids. We look at the characteristics and limitations of the methods and how they are used to improve the performance of smart grids. While the existing forecasting methods such as time series models and artificial intelligence have been successful, we focus on the new applications that rise in smart electric grid. There is an increasing interest in using distributed generation such as in microgrids, and as a result, the demand for forecasting at distribution system level is growing.

Keywords
Load forecasting, Renewable forecasting, Demand response, Microgrid, Energy management system, Neural network, Support vector machine, Smart grid
Published
2016-06-29
Appears in
SpringerLink
http://dx.doi.org/10.1007/978-3-319-33681-7_24
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