Abstract
The rapid integration of renewable energy sources and increasing complexity of modern power grids demand advanced forecasting tools capable of simultaneously predicting multiple interconnected variables. While time series foundation models (TSFMs) have demonstrated remarkable zero-shot forecasting capabilities across diverse domains, their application in power grid operations remains limited due to complex coupling relationships between load, price, emissions, and renewable generation. This paper proposes GridFM, a novel physics-informed foundation model specifically designed for multi-task energy forecasting in power systems. GridFM introduces four key innovations: (1) a FreqMixer adaptation layer that transforms pre-trained foundation model representations to power-grid-specific patterns through frequency domain mixing without modifying base weights; (2) a physics-informed constraint module embedding power balance equations and zonal grid topology using graph neural networks; (3) a multi-task learning framework enabling joint forecasting of load demand, locational-based marginal prices (LBMP), carbon emissions, and renewable generation with uncertainty-weighted loss functions; and (4) an explainability module utilizing SHAP values and attention visualization for interpretable predictions. We validate GridFM using over 10 years of real-time data from the New York Independent System Operator (NYISO) at 5 min resolution, comprising more than 10 million data points across 11 load zones. Comprehensive experiments demonstrate that GridFM achieves state-of-the-art performance with an 18.5% improvement in load forecasting MAPE (achieving 2.14%), a 23.2% improvement in price forecasting (achieving 7.8% MAPE), and a 21.7% improvement in emission prediction compared to existing TSFMs including Chronos, TimesFM, and Moirai-MoE. Ablation studies confirm the contribution of each proposed component. The physics-informed constraints reduce physically inconsistent predictions by 67%, while the multi-task framework improves individual task performance by exploiting inter-variable correlations. The proposed model provides interpretable predictions supporting the Climate Leadership and Community Protection Act (CLCPA) 2030/2040 compliance objectives, enabling grid operators to make informed decisions for sustainable energy transition and carbon reduction strategies.