About this Virtual Instructor Led Training (VILT)
This 5 half-day Virtual Instructor Led Training (VILT) course is focused on load forecasting in the power industry, a critical aspect of managing electricity generation and distribution with a focus on key areas described as follows:
Load Forecasting: The course presents advanced load forecasting techniques, which are essential for predicting electricity demand accurately. Load forecasting is critical for grid management and resource planning across all forecasting time horizons.
Temporal Granularity: Some regions have transitioned to load forecasts with finer temporal granularity, moving beyond hourly predictions. This shift aims to reduce forecasting uncertainties and improve real-time grid management and generate improved hybrid methodologies
Frequency of Updates: As the operation of electric grids becomes more complex, there’s a need for more frequent updates in load forecasts, due to the increased penetration of inverter-based resources, which can vary in output rapidly.
Weather Sensitivity Analysis: The course examines how weather conditions impact load forecasts. It covers weather sensitivity analysis, which quantifies the influence of meteorological factors on electricity demand. It presents the weather impacts on the load forecasts and the methodologies employed to quantify the weather effect and building a repository of weather normal data.
Statistical and Mathematical Models: The course delves into the application of statistical and mathematical models for load forecasting. These models often include time series analysis, regression analysis, and other mathematical tools to make predictions.
Artificial Intelligence and Machine Learning (AI/ML): The course highlights the integration of AI and ML techniques in load forecasting. Machine learning algorithms are used for data-driven predictions and pattern recognition, improving forecast accuracy.
Grid Complexity: As the power grid becomes more complex due to increased penetration of renewable and inverter-based resources, load forecasts require higher temporal resolution and adaptability to changing conditions.
Practical Applications-Industry Examples: It emphasizes practical applications of forecasting methods, supported by real-life examples from large control areas in North America, Australia, Europe. This approach helps professionals understand how to apply these methods effectively.
This seminar has a Guest Speaker to provide insights into the most modern aspects of Artificial Intelligence.
Upon completion of this VILT course, the participants will be able to:
- This course offers a comprehensive approach to all aspects of load forecasting.
- It provides insights to both operators in the generating plant and also to system operators.
- Provides a review of the advanced concepts and forecasting methodologies,
- Artificial Neural Networks and Probabilistic forecasting methods to manage forecasting uncertainties in short time frames,
- Market segmentation and Econometric framework for long term forecast,
- Most recent practical examples from large power companies
- In depth discussion of recent industry reports
- Energy forecasting professionals
- Energy Planners and Energy Outlook Forecasters and Plant Operators
- Fuel procurement professionals
- Planners and schedulers of thermal generating units
- Energy professionals
The VILT course will be delivered online in 5 half-day sessions comprising 4 hours per day, including time for lectures, discussion, quizzes and short classroom exercises.
Course Duration: 5 half-day sessions, 4 hours per session (20 hours in total).
To further optimise your learning experience from our courses, we also offer individualized “One to One” coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster.
Request for further information about post training coaching support and fees applicable for this.