Reinforcement learning for water system control: Cost optimization at IJmuiden pumping station

The production and consumption of electricity need to be balanced at all times. Due to the ever-growing shift towards renewable energy generation, this poses an increasingly difficult challenge. Currently, supply is regulated to maintain balance. However, there is potential to improve reliability and save costs by shifting the balancing to the...

Back to the Future: Projecting Dutch Daily Day-ahead Market Price Series Under 2050 Energy Scenarios

Under the increasing electrification of end uses in the energy transition towards more renewable integration, the electricity price keeps gaining importance on every scale from individual well-being to the competitiveness of an economy. Though scarce in the scientific literature, Long-Term Electricity Price Projection (LEPP) has great potentials...

Point and interval forecasting of short-term electricity price with machine learning: A theoretical and practical evaluation of benchmark accuracies for the Dutch intraday market

This research provides benchmark accuracies for forecasting of an aggregated price of the Dutch intraday market. While point forecasts in a single-step-ahead horizon for that unresearched market provide novel insights already, the scope of this research also includes interval forecasts in a multi-step-ahead horizon. A forecasting procedure is...