Deep neural networks for the quantile estimation of regional renewable energy production

Abstract

Wind and solar energy forecasting have become crucial for the inclusion of renewable energy in electrical power systems. Although most works have focused on point prediction, it is currently becoming important to also estimate the forecast uncertainty. With regard to forecasting methods, deep neural networks have shown good performance in many fields. However, the use of these networks for comparative studies of probabilistic forecasts of renewable energies, especially for regional forecasts, has not yet received much attention. The aim of this article is to study the performance of deep networks for estimating multiple conditional quantiles on regional renewable electricity production and compare them with widely used quantile regression methods such as the linear, support vector quantile regression, gradient boosting quantile regression, natural gradient boosting and quantile regression forest methods.