Arbitrated ensemble for solar radiation forecasting

Abstract

Utility companies rely on solar radiation forecasting models to control the supply and demand of energy as well as the operability of the grid. They use these predictive models to schedule power plan operations, negotiate prices in the electricity market and improve the performance of solar technologies in general. This paper proposes a novel method for global horizontal irradiance forecasting. The method is based on an ensemble approach, in which individual competing models are arbitrated by a metalearning layer. The goal of arbitrating individual forecasters is to dynamically combine them according to their aptitude in the input data. We validate our proposed model for solar radiation forecasting using data collected by a real-world provider. The results from empirical experiments show that the proposed method is competitive with other methods, including current state-of-the-art methods used for time series forecasting tasks.