Energy Forecasting: A Review and Outlook

Tao Hong, Pierre Pinson, Yi Wang, Rafal Weron, Dazhi Yang, Hamidreza Zareipour

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Abstract

Forecasting has been an essential part of the power and energy industry. Researchers and practitioners have contributed thousands of papers on forecasting electricity demand and prices, and renewable generation (e.g., wind and solar power). This article offers a brief review of influential energy forecasting papers; summarizes research trends; discusses importance of reproducible research and points out six valuable open data sources; makes recommendations about publishing high-quality research papers; and offers an outlook into the future of energy forecasting.
Original languageEnglish
JournalIeee Open Access Journal of Power and Energy
Volume7
Pages (from-to)376-388
ISSN2687-7910
DOIs
Publication statusPublished - 2020

Keywords

  • Energy forecasting
  • Load forecasting
  • Electricity price forecasting
  • Wind forecasting
  • Solar forecasting

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