In our recent work published in Renewable Energy, we proposed a novel single-parameter method to forecast residential PV energy generation based on direct radiation.

https://doi.org/10.1016/j.renene.2024.120821

Compared to more complex alternatives like LSTM or Gradient Boosting, our approach achieved:

  • MAE: 0.1490 kW
  • Coverage Probability: 91.55%
  • Narrow prediction intervals (AWI: 0.3365 kW)
  • +61.33 kWh/year of PV utilization improvement in a real case
  • Cost reduction of 0.0188 €/kWh

We focused on direct radiation as a key variable and skipped lagged variables or full weather models to keep it simple, fast, and adaptable.

I’d love to hear from others working on interval predictions or residential PV modeling:

  • What variable(s) do you prioritize in your models?
  • How do you balance accuracy vs. simplicity?
  • Are you using ML-based methods, statistical models, or hybrid approaches?

Let’s discuss improvements, applications, and limitations of forecasting methods for optimizing residential self-consumption!

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