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Short-term Forecasting in Power Systems: A Guided Tour

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Handbook of Power Systems II

Part of the book series: Energy Systems ((ENERGY))

Abstract

In this paper, the three main forecasting topics that are currently getting the most attention in electric power systems are addressed: load, wind power and electricity prices. Each of these time series exhibits its own stylized features and is therefore forecasted in a very different manner. The complete set of forecasting models and techniques included in this revision constitute a guided tour in power systems forecasting.

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Authors and Affiliations

  1. Instituto de Investigación Tecnológica, Escuela Técnica Superior de Ingeniería – ICAI, Universidad Pontificia Comillas, C/Alberto Aguilera 23, Madrid, 28015, Spain

    Antonio Muñoz

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  1. Antonio Muñoz
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  2. Eugenio F. Sánchez-Úbeda
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  3. Alberto Cruz
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  4. Juan Marín
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Correspondence to Antonio Muñoz .

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  1. , Division of Economics and Business, Colorado School of Mines, 15th Street 816, Golden, 80401, Colorado, USA

    Steffen Rebennack

  2. Dept. Industrial & Systems, Engineering, University of Florida, Weil Hall 303, Gainesville, 32611-6595, Florida, USA

    Panos M. Pardalos

  3. Rio Praia de Botafogo, Centro Empresarial, -A-Botafogo 2281701, Rio de Janeiro, 22250-040, Rio de Janeiro, Brazil

    Mario V. F. Pereira

  4. Research & Development, EnerCoRD - Energy Consulting,, Plastira Street 4, Athens, 171 21, Greece

    Niko A. Iliadis

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Muñoz, A., Sánchez-Úbeda, E.F., Cruz, A., Marín, J. (2010). Short-term Forecasting in Power Systems: A Guided Tour. In: Rebennack, S., Pardalos, P., Pereira, M., Iliadis, N. (eds) Handbook of Power Systems II. Energy Systems. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-12686-4_5

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