Short-Term Forecasting of Energy Consumption of Small Settlements in the Far North

This paper examines and analyzes various methods for short-term forecasting of electricity and power consumption for small power systems. Various algorithms such as ARIMA, ETS, TBATS and Naive Forecaster were used to forecast the energy consumption. The calculations were performed using data on energy consumption in small settlements in the Far North. The analysis of time series characteristics was performed. Evaluation metrics such as MSE, RMSE, MAE, MAPE and R2 were used to evaluate the forecasting quality. Forecasting algorithms were implemented using different forecasting methods and compared.

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Published
2024-11-12
DOI
https://doi.org/10.1109/dynamics64718.2024.10838636
Primary Topic
Arctic and Russian Policy Studies
Type
article
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article

Short-Term Forecasting of Energy Consumption of Small Settlements in the Far North

Ruslan T. Usmanov, S.N. Shergin
Arctic and Russian Policy Studies
article

Short-Term Forecasting of Energy Consumption of Small Settlements in the Far North

Ruslan T. Usmanov, S.N. Shergin
article en

Abstract

This paper examines and analyzes various methods for short-term forecasting of electricity and power consumption for small power systems. Various algorithms such as ARIMA, ETS, TBATS and Naive Forecaster were used to forecast the energy consumption. The calculations were performed using data on energy consumption in small settlements in the Far North. The analysis of time series characteristics was performed. Evaluation metrics such as MSE, RMSE, MAE, MAPE and R2 were used to evaluate the forecasting quality. Forecasting algorithms were implemented using different forecasting methods and compared.

Yugra State University (RU)
Affordable and clean energy
Openalex Percentile: Top 58%
Arctic and Russian Policy Studies
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Short-Term Forecasting of Energy Consumption of Small Settlements in the Far North — Ruslan T. Usmanov, S.N. Shergin · (2024) | TGRS Research Map | TGRS