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RESEARCH PRODUCT

A pattern recognition approach for peak prediction of electrical consumption

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Predicting and mitigating demand peaks in electrical networks has become a prevalent research topic. Demand peaks pose a particular challenge to energy companies because these are difficult to foresee and require the net to support abnormally high consumption levels. In smart energy grids, time-differentiated pricing policies that increase the energy cost for the consumers during peak periods, and load balancing are examples of simple techniques for peak regulation. In this paper, we tackle the task of predicting power peaks prior to their actual occurrence in the context of a pilot Norwegian smart grid network.