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Machine Learning Algorithms and PV Forecast for Off-Grid Prosumers Energy Management

Author

Listed:
  • Simona-Vasilica Oprea

    (Bucharest University of Economic Studies, Romania)

  • Adela Bâra

    (Bucharest University of Economic Studies, Romania)

Abstract

The actual context characterized by the high prices of the conventional power gives more and more credit to the Renewable Energy Sources (RES) to cover load requirements in large amounts. However, the volatility of RES (especially solar and wind) restricts their smooth integration into the residential consumption energy mix. One of the main challenges is to maximize the consumption of appliances from RES taking into account their availability. To fulfil this objective, first, a performant forecast is necessary to create the day-ahead schedule and optimize the operation of appliances. In this paper, we propose a framework to perform PV forecast with machine learning algorithms and various data sources for the energy management of the off-grid prosumers.

Suggested Citation

  • Simona-Vasilica Oprea & Adela Bâra, 2022. "Machine Learning Algorithms and PV Forecast for Off-Grid Prosumers Energy Management," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 117-123, September.
  • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:117-123
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    More about this item

    Keywords

    renewable energy sources (RES); maximizing consumption from RES; day-ahead forecast; machine learning; prosumers;
    All these keywords.

    JEL classification:

    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • Q29 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Other

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