Transmission Tower

Designing for Flexibility: Navigating Imperfections in Competitive Electricity Markets

Competitive electricity markets are inherently complex. They require the integration of technically feasible operations, grounded in physical laws, with economically viable solutions that incentivize investments. These interactions aim to ensure a reliable, efficient, and technologically flexible market design. However, the operation of these markets is neither trivial nor perfect. Over time, they are exposed to…

Beyond Ownership – Unlocking the Potential of Shared Battery Storage

The emergence of the sharing economy has fundamentally altered paradigms of resource utilization, shifting the emphasis from individual ownership to collective access. This transformation, evident across domains such as transportation, housing, and digital infrastructure, is increasingly penetrating the energy sector. In particular, Battery Energy Storage Systems (BESS) are being reconceptualized as shared assets capable of…

A picture of Bar and line graphs representing forecasting with a light bulb in the front representing electricity

Long-term multi-resolution probabilistic load forecasting using temporal hierarchies

This post summarizes our recent open-access publication in Energies.Read the full article here. Why Focus on Long-Term Load Forecasting? Long-term load forecasting (LTLF) is a crucial tool for planning and operating electric power systems. Accurate forecasts help system operators and planners make informed decisions about investments, operations, and policy. However, LTLF faces major challenges due…

solar panels in a field

Beyond the Sunshine: How Real-World Conditions Shape Solar Panel Output

Photovoltaic (PV) systems are key to the transition toward clean energy, but their real-world performance is shaped by complex environmental interactions. For researchers working on the physics of solar energy systems, understanding how variables like temperature, humidity, aerosols, and wind impact panel efficiency provides a critical foundation for deeper modeling and analysis. This blog post…

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Better Transmission Loss Forecasting Using Large Language Models

Recent advancements in the field of Natural Language Processing (NLP) and Large Language Models (LLMs) have opened new avenues for processing qualitative data. This development is particularly interesting for power systems as they have an enormous amount of untapped qualitative data. Decision-making in the power system sector has relied on quantitative data. However, qualitative data…

AI Generated cover image based on article abstract

Weather Feature Selection for Robust and Optimized Energy Load Prediction

This study explores the impact of weather features on short to medium electricity load prediction across diverse geographical locations. Using hourly load data, we evaluated the effectiveness of several feature selection methods, including Mutual Information (MI), Principal Component Analysis (PCA), Lasso, and Heatmap correlation. We benchmarked these feature selection methods with a hybrid deep learning model to investigate the impact of choosing…