Recently there has been a significant proliferation in the use of forecasting techniques, mainly due to the increased availability and power of computation systems and, in particular, to the usage of personal computers. This is also true for power network systems, where energy demand forecasting has been an important field in order to allow generation planning and adaptation. Apart from the quantitative progression, there has also been a change in the type of models proposed and used. In the `70s, the usage of non-linear techniques was generally not popular among scientists and engineers. However, in the last two decades they have become very important techniques in solving complex problems which would be very difficult to tackle otherwise. With the recent emergence of smart grids, new environments have appeared capable of integrating demand, generation, and storage. These employ intelligent and adaptive elements that require more advanced techniques for accurate and precise demand and generation forecasting in order to work optimally. This review discusses the most relevant studies on electric demand prediction over the last 40 years, and presents the different models used as well as the future trends. Additionally, it analyzes the latest studies on demand forecasting in the future environments that emerge from the usage of smart grids.

Recent technological advances in the power generation and information technologies areas are helping to change the modern electricity supply system in order to comply with higher energy efficiency and sustainability standards. Smart grids are an emerging trend that introduce intelligence in the power grid to optimize resource usage. In order for this intelligence to be effective, it is necessary to retrieve enough information about the grid operation together with other context data such as environmental variables, and intelligently modify the behavior of the network elements accordingly. This article presents a multi-agent system model for virtual power plants, a new power plant concept in which generation no longer occurs in big installations, but is the result of the cooperation of smaller and more intelligent elements. The proposed model is not only focused on the management of the different elements, but includes a set of agents embedded with artificial neural networks for collaborative forecasting of disaggregated energy demand of domestic end users, the results of which are also shown in this article.

Climate change, awareness of energy efficiency, new trends in electricity markets, the obsolescence of the actual electricity model, and the gradual conversion of consumers to prosumer profiles are the main agents of progressive change in electricity systems towards the Smart Grid paradigm. The introduction of multiple distributed generation and storage resources, with a strong involvement of renewable energies, exposes the necessity of advanced metering or Smart Metering systems, able to manage and control those distributed resources. Due to the heterogeneity of the Smart Metering systems and the specific features of each grid, it is easy to find in the related literature a wide range of solutions with different features. This work describes the key elements in a Smart Metering system and compiles the most employed technologies and standards as well as their main features. Since Smart Metering systems can perform jointly with other activities, these growing initiatives are also addressed. Finally, a revision of the main trends in Smart Metering uses and deployments worldwide is included.