Exploiting road traffic data for Very short term load forecasting in Smart Grids

If accurate short term prediction of electricity consumption is available, the Smart Grid infrastructure can rapidly and reliably react to changing conditions. The economic importance of accurate predictions justifies research for more complex forecasting algorithms. This paper proposes road traffic data as a new input dimension that can help improve very short term load forecasting. We explore the dependencies between power demand and road traffic data and evaluate the predictive power of the added dimension compared with other common features, such as historical load and temperature profiles.