Chapter 8: Energy statistics and forecasting for smart grids
Abstract
The demand and supply gap of electricity in the smart grid leads to the introduction of energy forecasting and an energy management system. Energy forecasting is a key participant in the planning and management of the smart grid system. Data in a smart grid is collected with the help of an advanced metering infrastructure (AMI) which measures the bidirectional power flow. This data is used by the data analysis applications for forecasting. These forecasting applications can be used for scheduling generation, generation forecasts from renewable energy-based power plants, and demand-side management. In the management of the smart grid, various statistical and machine learning ...
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