TEPCO's First "Electricity Load Forecasting Technology Contest" Initiative to Encourage Accurate Forecasting of Electricity L...
20 Juin 2017 - 11:40AM
JCN Newswire (English)
TEPCO is holding its first "Electricity Load Forecasting
Technology Contest" to identify new methods for forecasting
electricity load within the service area of TEPCO Power Grid,
Incorporated ("TEPCO PG"). Contest participants are to compete in
accurately forecasting electricity load via TEPCO's open innovation
website, "TEPCO CUUSOO." The Contest opens today.
TEPCO PG carries out daily forecast on electricity load in order to
supply electric power more efficiently within its service area. The
company has already developed a highly precise forecasting system
based on years of expertise and experience. Yet with recent
advances in data science and forecasting technology, it expects to
improve its forecasting accuracy further by absorbing new
technologies and knowledge.
The Contest is being held to explore innovative techniques and
approaches to forecasting, including the use of artificial
intelligence (AI). Participation is open to data scientists around
the world. Outstanding load forecast techniques proposed will be
considered for application in actual operations.
Contest participants are requested to propose a method that
predicts electricity load for the following day in one hour
intervals over an entire day, based on past electricity load data
in TEPCO PG's database. They will then use their methods to prepare
a forecast for the entire year. In addition, participants will be
asked to perform actual forecasting operations from September 1
through September 9, 2017.
For the actual forecasts, participants are provided daily with past
electricity load data up to the previous day. Using this data,
participants are to submit the load forecast for the following day
through the API (application programming interface).
Participants who submit the highest ranking sets will present their
methods in the final judging of the Contest. A maximum total prize
of three million yen will be awarded to the winners. Yutaka Matsuo,
Project Associate Professor at the University of Tokyo and
authority on machine learning and other artificial intelligence
technologies, will be one of the Contest judges.
For more details about the Contest, see
https://cuusoo.com/projects/50136 (Due to collaboration with an
external partner, domain is changed.)
Contest period:
From Tuesday, June 20, to Early October, 2017
*Contest application ends on Thursday, August 17, 2017.
Theme:
Following Day Electricity Load Forecast
Eligibility:
People affiliated or associated with a company, university or
research institute
Task:
Propose a method for "the following day forecast", that is
predicting load in one hour increments for the coming 24 hours of
the following day based on data such as electricity load, weather
and other factors available up until the day prior to the day for
which electricity load will be forecast.
What to submit:
- Annual forecast; hourly forecast data over a period of 365 days
for 2015 (to be submitted by September 9)
- Actual forecast; hourly forecast from September 2 to September
10, 2017 (to be submitted daily by 8:00 the day before the forecast
date)
- Report explaining the constructed model (to be submitted by
September 9)
Important dates:
- June 20 to August 17, 2017 Contest Entry Period
- June 26, 2017 Start of Data Set Distribution and Start Analysis
Period
- August 18 to August 31, 2017 API Set Up Period
- September 1 to September 9, 2017 Submission Period for Actual
Forecasting
- End September-Early October, 2017 Final Judging (Presentations)
and Announcement of Results
Head Judge:
Yutaka Matsuo, Project Associate Professor, Department of
Technology Management for Innovation, Graduate School of
Engineering, The university of Tokyo
Web page for Contest application:
TEPCO open innovation platform TEPCO CUUSOO
TEPCO's first "Electricity Load Forecasting Technology Contest"
https://cuusoo.com/projects/50136 (Due to collaboration with an
external partner, domain is changed.)
*A TEPCO CUUSOO account is required to apply for the Contest.
*No inquiries about the Contest will be accepted via the TEPCO
website.
Electricity Load Forecasting Technology Contest (PDF):
http://www.tepco.co.jp/en/announcements/2017/images/170620b.pdf
About TEPCO
Tokyo Electric Power Company Holdings, Inc. (TEPCO; TSE:9501),
headquartered in Tokyo, Japan, is the largest utility in Japan,
serving more than 29 million homes and businesses. Worldwide, the
company has more than 74 subsidiaries and affiliates in 8 countries
and employs approximately 43,330 people. The company was
established in 1951 and is listed on the First Section of the Tokyo
Stock Exchange. For more information, visit
http://www.tepco.co.jp/en/corpinfo/index-e.html.
Source: TEPCO
Copyright 2017 JCN Newswire . All rights reserved.