Energy Forecasting: A Review and Outlook

University of North Carolina at Charlotte · Technical University of Denmark · +6 more institutions

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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.

Citation impact

565
total citations
FWCI
30.17
Percentile
100%
References
122
Citations per year

Authors

6

Topics & keywords

Keywords
  • Renewable energy
  • Wind power
  • Demand forecasting
  • Electricity
  • Wind power forecasting
  • Quality (philosophy)
  • Data science
  • Environmental economics
UN Sustainable Development Goals
  • Affordable and clean energy
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Funding