Integrating the Expected Future in Load Forecasts with Contextually Enhanced Transformer Models
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| Format: | Preprint |
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2024
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| _version_ | 1866913114404945920 |
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| author | Theiler, Raffael Von Krannichfeldt, Leandro Sansavini, Giovanni Howland, Michael F. Fink, Olga |
| author_facet | Theiler, Raffael Von Krannichfeldt, Leandro Sansavini, Giovanni Howland, Michael F. Fink, Olga |
| contents | Accurate and reliable energy forecasting is essential for power grid operators who strive to minimize extreme forecasting errors that pose significant operational challenges and incur high intra-day trading costs. Incorporating planning information -- such as anticipated user behavior, scheduled events or timetables -- provides substantial contextual information to enhance forecast accuracy and reduce the occurrence of large forecasting errors. Existing approaches, however, lack the flexibility to effectively integrate both dynamic, forward-looking contextual inputs and historical data. In this work, we conceptualize forecasting as a combined forecasting-regression task, formulated as a sequence-to-sequence prediction problem, and introduce contextually-enhanced transformer models designed to leverage all contextual information effectively. We demonstrate the effectiveness of our approach through a primary case study on nationwide railway energy consumption forecasting, where integrating contextual information into transformer models, particularly timetable data, resulted in a significant average mean absolute error reduction of 26.6%. An auxiliary case study on building energy forecasting, leveraging planned office occupancy data, further illustrates the generalizability of our method, showing an average reduction of 56.3% in mean absolute error. Compared to other state-of-the-art methods, our approach consistently outperforms existing models, underscoring the value of context-aware deep learning techniques in energy forecasting applications. |
| format | Preprint |
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arxiv_https___arxiv_org_abs_2409_05884 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Integrating the Expected Future in Load Forecasts with Contextually Enhanced Transformer Models Theiler, Raffael Von Krannichfeldt, Leandro Sansavini, Giovanni Howland, Michael F. Fink, Olga Computers and Society Machine Learning Accurate and reliable energy forecasting is essential for power grid operators who strive to minimize extreme forecasting errors that pose significant operational challenges and incur high intra-day trading costs. Incorporating planning information -- such as anticipated user behavior, scheduled events or timetables -- provides substantial contextual information to enhance forecast accuracy and reduce the occurrence of large forecasting errors. Existing approaches, however, lack the flexibility to effectively integrate both dynamic, forward-looking contextual inputs and historical data. In this work, we conceptualize forecasting as a combined forecasting-regression task, formulated as a sequence-to-sequence prediction problem, and introduce contextually-enhanced transformer models designed to leverage all contextual information effectively. We demonstrate the effectiveness of our approach through a primary case study on nationwide railway energy consumption forecasting, where integrating contextual information into transformer models, particularly timetable data, resulted in a significant average mean absolute error reduction of 26.6%. An auxiliary case study on building energy forecasting, leveraging planned office occupancy data, further illustrates the generalizability of our method, showing an average reduction of 56.3% in mean absolute error. Compared to other state-of-the-art methods, our approach consistently outperforms existing models, underscoring the value of context-aware deep learning techniques in energy forecasting applications. |
| title | Integrating the Expected Future in Load Forecasts with Contextually Enhanced Transformer Models |
| topic | Computers and Society Machine Learning |
| url | https://arxiv.org/abs/2409.05884 |