Household electricity demand forecasting: benchmarking state-of-the-art methods

Abstract

We benchmark state-of-the-art methods for forecasting electricity demand on the household level. Our evaluation is based on two data sets containing the power usage on the individual appliance level. Our results indicate that without further refinement the considered advanced state-of-the-art forecasting methods rarely beat corresponding persistence forecasts. Therefore, we also provide an exploration of promising directions for future research.