Abstract
Renewable integration in utility grid is crucial in the current energy scenario. Optimized utilization of renewable energy can minimize the energy consumption from the grid. This demands accurate forecasting of renewable contribution and planning. Most of the researches aim to find a suitable forecasting model in terms of accuracy and error metrics. However, the uncertainty and variability in these forecasts are also significant. This work combines point forecast with interval forecast to provide comprehensive information about the forecast uncertainty. In this work, solar irradiance forecasting is carried out using artificial intelligence (AI) techniques. Forecasting is done using seasonal auto-regressive moving average with exogenous factors (SARIMAX), support vector regression (SVR), long short term memory (LSTM) techniques and performance is evaluated. SVR model exhibited the best performance with R 2 values of 0.97 and 0.96 for winter and summer respectively and 0.85 for monsoon and post-monsoon seasons. This is followed by forecast error distribution studies and uncertainty analysis. For this, SVR forecast error data is fitted using laplace distribution. Uncertainty study is carried out using confidence intervals and coverage rates. Excellent coverage rates are obtained for various confidence levels for all seasons, indicating the appropriate fitting of error distribution. For the narrow 85% confidence band, coverage rates of 89%, 95%, 90%, and 88% are obtained for winter, summer, monsoon and post-monsoon respectively. The work emphasizes the need for error-distribution studies, modeling of forecast errors and their application in providing reliable forecast intervals with the perspective of enhancing system reliability.