During the past several decades, utilities have been developing long term load forecasts mostly using monthly data aggregated up to revenue class level or higher. Deployment of smart grid technologies allows utilities to collect data with hourly or sub-hourly interval at household level. Using these "high resolution" data, we can develop load forecasts at various levels in the system, which is called hierarchical load forecasting. There are two aspects of resolution in hierarchical load forecasting:
In probabilistic load forecasting, resolution refers to how the size of prediction interval varies at different time periods. A high-resolution probabilistic forecast can properly quantify the uncertainties at different time periods by providing the prediction interval with variable size. For instance, in the figure below, the prediction interval of summer months is much narrower than that of winter months, which tells that load is much more uncertain in winter than in summer.
Back to Load Forecasting Terminology.
- Spatial resolution
- Temporal resolution
In probabilistic load forecasting, resolution refers to how the size of prediction interval varies at different time periods. A high-resolution probabilistic forecast can properly quantify the uncertainties at different time periods by providing the prediction interval with variable size. For instance, in the figure below, the prediction interval of summer months is much narrower than that of winter months, which tells that load is much more uncertain in winter than in summer.
Back to Load Forecasting Terminology.
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