mlsanityData to 14 Oct 2026

Integrating the Expected Future in Load Forecasts with Contextually Enhanced Transformer Models

arXiv 2409.05884 ↗First posted 26 Aug 2024cs.CY cs.LGcited by 1

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Abstract (arXiv)

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.

Key facts. Cited by 1 paper in the map (data through 14 Oct 2026). Builds on 22 of its 90 references that are in the map. First posted on arXiv 26 Aug 2024.

Builds on

22 of 90 references.

References · 22

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10 more
  1. 2024TimeXer: Empowering Transformers for Time Series Forecasting with Exogenous Variablescited by 248
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  4. 2024TimeMachine: A Time Series is Worth 4 Mambas for Long-term Forecastingcited by 64
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