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Building energy consumption takes up over 30% of global final energy use and 26% of global energy-related emissions. In addition, building operations represent nearly 55% of global electricity consumption. The management of peak demand plays a crucial role in optimizing building electricity usage, consequently leading to a reduction in carbon footprint. Accurately forecasting peak demand in commercial buildings provides benefits to both the suppliers and consumers by enhancing efficiency in electricity production and minimizing energy waste. Precise predictions of energy peaks enable the implementation of proactive peak-shaving strategies, the effective scheduling of battery response, and an enhancement of smart grid management. The current research on peak demand for commercial buildings has shown a gap in addressing timestamps for peak consumption incidents. To bridge the gap, an Energy Peaks and Timestamping Prediction (EPTP) framework is proposed to not only identify the energy peaks, but to also accurately predict the timestamps associated with their occurrences. In this EPTP framework, energy consumption prediction is performed with a long short-term memory network followed by the timestamp prediction using a multilayer perceptron network. The proposed framework was validated through experiments utilizing real-world commercial supermarket data. This evaluation was performed in comparison to the commonly used block maxima approach for indexing. The 2-h hit rate saw an improvement from 21% when employing the block maxima approach to 52.6% with the proposed EPTP framework for the hourly resolution. Similarly, the hit rate increased from 65.3% to 86% for the 15-min resolution. In addition, the average minute deviation decreased from 120 min with the block maxima approach to 62 min with the proposed EPTP framework with high-resolution data. The framework demonstrates satisfactory results when applied to high-resolution data obtained from real-world commercial supermarket energy consumption. [ABSTRACT FROM AUTHOR]

Benchmarking makes it possible to identify low-performing buildings, establishes a baseline for measuring performance improvements, enables setting of energy conservation targets, and encourages energy savings by creating a competitive environment. Statistical approaches evaluate building energy efficiency by comparing measured energy consumption to other similar buildings typically using annual measurements. However, it is important to consider different time periods in benchmarking because of differences in their consumption patterns. For example, an office can be efficient during the night, but inefficient during operating hours due to occupants' wasteful behavior. Moreover, benchmarking studies often use a single regression model for different building categories. Selecting the regression model based on actual data would ensure that the model fits the data well. Consequently, this paper proposes Energy Slices, an energy benchmarking approach with time slicing for existing buildings. Time slicing enables separation of time periods with different consumption patterns. The regression model suited for the specific scenario is selected using cross validation, which ensures that the model performs well on previously unseen data. The evaluation is carried out on a case study involving two sports arenas; event energy efficiency is benchmarked to identify low-performing events. The case study demonstrates the Energy Slice procedure and shows the importance of model selection. [ABSTRACT FROM AUTHOR]