TEPCO's First "Electricity Load Forecasting Technology

TEPCO's First "Electricity Load Forecasting Technology Contest" Initiative to
Encourage Accurate Forecasting of Electricity Load
 
 
TOKYO, June 20, 2017 - (JCN Newswire) - 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.
 
 
 
 
TEPCO
 
 
 
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