Deep penetration of non-grid connected renewable generation and storage, electric vehicle charging, smart load control and time-of-use rates create greater load volatility, which in turn, leads to eroding operational load forecast performance. To improve the system operator’s confidence with the load forecasting process, there has been a movement toward developing and presenting an ensemble of load forecasts.

The ensemble could include forecasts designed to handle the impact of rooftop solar PV and electric vehicle charging, forecasts that incorporate the impact of time-of-use pricing and smart load control, and load forecasts produced under alternative weather forecasts. If the alternative load forecasts are clustered closely around each other, then system operations may have greater confidence in the system conditions predicted by the ensemble. On the other hand, a forecast ensemble with a wide range could raise doubts about the forecasted system conditions, leading to system operators taking actions to hedge against the worst-case scenario. In effect, the forecast ensemble quantifies the plausible range of loads given the uncertainty around future meteorological conditions such as temperatures, wind and solar conditions as well as uncertainty around price sensitive loads and load control actions.

Within this new world of ensemble forecasting, there remains the reality that most downstream applications (e.g., transmission and distribution energy management systems and market models) require a single load forecast as an input. This means the load forecasting process needs a way of combing the alternative forecasts into a single “optimal” forecast that is then used for downstream processing.

Dr. Frank A. Monforte has authored a white paper that provides a high-level review of some of the econometric/operations research and data science literature on combining forecasts, and puts forth a recommendation for how to develop an optimal forecast specific to the problem of operational load forecasting.

To read the paper, go to our forecasting page at

Dr. Frank A. Monforte on EmailDr. Frank A. Monforte on Linkedin
Dr. Frank A. Monforte
Director of Forecasting Solutions - Itron
Dr. Frank A. Monforte is Director of Forecasting Solutions at Itron, where he is an internationally recognized authority in the areas of real-time load and generation forecasting, retail portfolio forecasting, and long-term energy forecasting. Dr. Monforte’s real-time forecasting expertise includes authoring the load forecasting models used to support real-time system operations for the North American system operators, the California ISO, the New York ISO, the Midwest ISO, ERCOT, the IESO, and the Australian system operators AEMO and Western Power. Recent efforts include authoring embedded solar, solar plant, and wind farm generation forecast models used to support real-time operations at the California ISO. Dr. Monforte founded the annual ISO/TSO Forecasting Summit that brings together ISO/TSO forecasters from around the world to discuss forecasting challenges unique to their organizations. He directs the implementation of Itron’s Retail Forecasting System, including efforts for energy retailers operating in the United Kingdom, Netherlands, France, Belgium, Italy, Australia, and the U.S. These systems produce energy forecasts for retail portfolios of interval metered and non-interval metered customers. The forecast models he has developed support forecasting of power, gas and heat demand and forecasting of wind, solar, landfill gas, and mine gas generation. Dr. Monforte presides over the annual Itron European Energy Forecasting Group meeting that brings together European Energy Forecasters for an open exchange of ideas and solutions. Dr. Monforte directed the development of Itron’s Statistically Adjusted End-Use Forecasting model and supporting data. He founded the Energy Forecasting Group, which directs primary research in the area of long-run end-use forecasting. Recent efforts include designing economic indices that provide long-run forecast stability during periods of economic uncertainty. Email Frank at, or click here to connect on LinkedIn.