|By Business Wire||
|October 8, 2013 08:11 AM EDT|
IEEE, the world's largest professional organization advancing technology for humanity, today announced the results of the Global Energy Forecasting Competition 2012 (GEFCom2012), which was organized and supported by the IEEE Power & Energy Society (PES) and the IEEE Working Group on Energy Forecasting (WGEF).
“I congratulate the eight winning teams of GEFCom2012, representing people from eight different countries. IEEE PES is very excited about all the entries received for this competition and the amazing ideas it fostered,” said Dr. ML Chan, chair of the Power System Planning and Implementation Committee.
From the start, this competition aimed to help improve the forecasting practices of the utility industry, bring together state-of-the-art techniques for energy forecasting, bridge the gap between academic research and industry practice, promote analytics in power and energy education and prepare the industry to overcome the forecasting challenges posed by the smart grid world.
GEFCom2012 is the largest known energy forecasting competition to date. Not only does it bring together many new ideas to the energy-forecasting field from data scientists in many different industries but the competition’s data has already been used by scholars for benchmarking purposes.
Added Chan: “To help support the competition throughout its evolution, IEEE PES provided financial sponsorship of $18,000, which helped with web site development and cash awards for the winners.”
GEFCom2012 received more than 2,000 entries from more than 200 teams. The competition included two tracks with four winning teams from each:
Hierarchical Load Forecasting Track:
- Colin Singleton and Nathaniel Charlton from Counting Lab (UK);
- James Robert Lloyd from University of Cambridge (UK);
- Raphael Nedellec from EDF R&D (France), Jairo Cugliari from INRIA (France) and Yannig Goude from EDF R&D (France); and
- Souhaib Ben Taieb from Université Libre de Bruxelles (Belgium) and Rob J Hyndman from Monash University (Australia).
Wind Power Forecasting Track:
- Lucas Eustáquio Gomes da Silva from DTI Sistemas (Brazil);
- Ekaterina Mangalova from Siberian State Aerospace University (Russia) and Evgeny Agafonov from Siberian Federal University (Russia);
- Gabor I. Nagy from Budapest University of Technology and Economics (Hungary); and
- Duehee Lee from University of Texas at Austin (USA).
For more information about the GEFCom2012 and the upcoming GEFCom2014, please visit http://www.gefcom.org.
To learn more about IEEE PES, visit us on Facebook at http://www.facebook.com/ieeepes, follow us on Twitter at http://www.twitter.com/ieee_pes, connect with us on LinkedIn at http://www.linkedin.com/groups/IEEE-Power-Energy-Society-3792736.
About IEEE Power & Energy Society
The IEEE Power & Energy Society (PES) is the leading provider of scientific and engineering information on electric power & energy for the betterment of society and a trusted resource dedicated to the technical, informational, networking and professional development needs of its members. With over 29,000 members around the globe representing every facet of the electric power and energy industry, PES is at the forefront of the rapidly changing technological advancements that impact everyone’s future. PES celebrated its 125th year of service in 2009. Additional information on IEEE PES can be found at: http://www.ieee-pes.org.
IEEE, a large, global technical professional organization, is dedicated to advancing technology for the benefit of humanity. Through its highly cited publications, conferences, technology standards, and professional and educational activities, IEEE is the trusted voice on a wide variety of areas ranging from aerospace systems, computers and telecommunications to biomedical engineering, electric power and consumer electronics. Learn more at http://www.ieee.org.