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Life sciences · Preprint
arXiv · September 16, 2026
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For distribution system operators, short-term load forecasting (STLF) supports congestion management, voltage control, and asset protection. Most existing approaches focus on overall accuracy across all time steps and neglect performance during high-demand (HD) periods, where larger forecast errors can increase the risk of congestion and voltage violations. In this paper, we study peak-aware STLF across three operator-relevant distribution grid aggregation levels, area codes (AC), secondary substations (SUB), and low-voltage (LV) feeders, using open datasets from the United Kingdom and Switzerland. We compare statistical baselines, machine learning models (LightGBM and XGBoost), and recent time-series foundation models (Chronos Bolt and Chronos-2) under a peak-aware evaluation framework that reports both overall and HD forecasting performance using NMAE and MAPE. The results show that Chronos-2 achieves the best HD performance across all aggregation levels, with HD-NMAE and HD-MAPE of 0.039 and 4.53% at AC, 0.080 and 9.45% at SUB, and 0.138 and 16.14% at LV, while Chronos-Bolt consistently ranks second best. Compared with the gradient boosted ML models, Chronos-2 reduces mean HD-NMAE by about 20-51% across levels while remaining best or near-best on the overall metrics. A quantile analysis of the probabilistic Chronos outputs further identifies aggregation-specific operating points, and runtime measurements indicate that foundation model inference is fast enough for practical deployment. Overall, the findings highlight peak-aware evaluation and aggregation specific quantile selection as a practical pathway toward more operationally relevant STLF in distribution networks.