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Assessing Covariate-Informed Grid Load Forecasting with a Time-Series Foundation Model

arXiv · AI, language, vision and robotics · article · Sep 6, 2026 · UTC

Modern power systems are growing increasingly complex as they integrate diverse generation sources to meet rising demand, making accurate load forecasting challenging. Recent advances in time-series foundation models (TSFMs) resulted in promising performance in zero-shot univariate load forecasting tasks. However, real-world load forecasting often involves multiple target variables and requires the integration of exogenous variables, raising important questions about the utility of TSFMs in realistic settings. In this study, we position Chronos-2, a recently developed model by Amazon, as a rep

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