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As the penetration of renewable energy sources into a power system increases, the significance of precise short-term forecasts for wind power generation becomes paramount. However, the erratic and non-periodic nature of wind poses challenges in accurately predicting the output. This paper presents a comprehensive investigation into forecasting wind power generation for the following day, using three machine learning models: long short-term memory (LSTM), convolutional neural network-bidirectional LSTM (CNN-biLSTM), and light gradient boosting machine (LGBM). In addition, this paper proposes a method to improve the prediction performance of LGBM by separating data according to the distribution of features, and training and testing each separated dataset with a distinct model. This study includes a comparative analysis of the performance of the proposed models in predicting wind turbine output, offering valuable insights into their respective efficiencies. The results of this investigation were analyzed for two geographically distinct wind farms (Korea and the UK). The findings of this study are expected to facilitate the selection of efficient prediction models within the forecast accuracy auxiliary service market and assist grid operators in ensuring reliable power supply for the grid. [ABSTRACT FROM AUTHOR]

In predicting energy consumption, classic econometric and statistical models are used to forecast energy consumption. These models may have limitations in an increasingly fast-changing energy market, which requires big data analysis of energy consumption patterns and relevant variables using complex mathematical tools. In current literature, there are minimal comparison studies reviewing machine learning algorithms to predict energy consumption in Korea. To bridge this gap, this paper compared three different machine learning algorithms, namely the Random Forest (RF) model, XGBoost (XGB) model, and Long Short-Term Memory (LSTM) model. These algorithms were applied in Period 1 (prior to the onset of the COVID-19 pandemic) and Period 2 (after the onset of the COVID-19 pandemic). Period 1 was characterized by an upward trend in energy consumption, while Period 2 showed a reduction in energy consumption. LSTM performed best in its prediction power specifically in Period 1, and RF outperformed the other models in Period 2. Findings, therefore, suggested the applicability of machine learning to forecast energy consumption and also demonstrated that traditional econometric approaches may outperform machine learning when there is less unknown irregularity in the time series, but machine learning can work better with unexpected irregular time series data. [ABSTRACT FROM AUTHOR]