LAPSE:2023.19078
Published Article
LAPSE:2023.19078
Forecasting for Battery Storage: Choosing the Error Metric
Colin Singleton, Peter Grindrod
March 9, 2023
Abstract
We describe our approach to the Western Power Distribution (WPD) Presumed Open Data (POD) 6 MWh battery storage capacity forecasting competition, in which we finished second. The competition entails two distinct forecasting aims to maximise the daily evening peak reduction and using as much solar photovoltaic energy as possible. For the latter, we combine a Bayesian (MCMC) linear regression model with an average generation distribution. For the former, we introduce a new error metric that allows even a simple weighted average combined with a simple linear regression model to score very well using the competition performance metric.
Keywords
battery storage, error metrics, forecasting, loss function
Suggested Citation
Singleton C, Grindrod P. Forecasting for Battery Storage: Choosing the Error Metric. (2023). LAPSE:2023.19078
Author Affiliations
Singleton C: Counting Lab Ltd., Reading RG6 6BU, UK [ORCID]
Grindrod P: Mathematical Institute, University of Oxford, Oxford OX2 6GG, UK
Journal Name
Energies
Volume
14
Issue
19
First Page
6274
Year
2021
Publication Date
2021-10-01
ISSN
1996-1073
Version Comments
Original Submission
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PII: en14196274, Publication Type: Journal Article
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LAPSE:2023.19078
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https://doi.org/10.3390/en14196274
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