Energy Forecasting for Event Venues: Big Data and Prediction Accuracy

Advances in sensor technologies and the proliferation of smart meters have resulted in an explosion of energy-related data sets. These Big Data have created opportunities for development of new energy services and a promise of better energy management and conservation. Sensor-based energy forecasting has been researched in the context of office buildings, schools, and residential buildings. This paper investigates sensor-based forecasting in the context of event-organizing venues, which present an especially difficult scenario due to large variations in consumption caused by the hosted events. Moreover, the significance of the data set size, specifically the impact of temporal granularity, on energy prediction accuracy is explored. Two machine-learning approaches, neural networks (NN) and support vector regression (SVR), were considered together with three data granularities: daily, hourly, and 15 minutes. The approach has been applied to a large entertainment venue located in Ontario, Canada. Daily data intervals resulted in higher consumption prediction accuracy than hourly or 15-min readings, which can be explained by the inability of the hourly and 15-min models to capture random variations. With daily data, the NN model achieved better accuracy than the SVR; however, with hourly and 15-min data, there was no definitive dominance of one approach over another. Accuracy of daily peak demand prediction was significantly higher than accuracy of consumption prediction.