Comparison of Machine Learning Models for Week-Ahead Load Forecasting in Short-term Power System Planning

In electrical engineering load forecasting have been tried out using traditional forecasting models and artificial intelligence techniques and have become one of the major research fields. An accurate and efficient Short-term load forecasting (STLF) plays a vital role for economic operational planning of both regulated power systems and electricity markets. To develop a solution/methodology to demand forecast (Hourly load forecast) and by incorporating weather conditions. However, STLF it is pertinent to understand conventional methods. Therefore, popular conventional methods were implemented to learn methods for STLF. This paper presents Simple Moving Average, Weighted Moving Average, Exponential Moving Average, Auto Regressive and Multiple linear regressions for short term load forecasting. Conventional technique approach is implemented on historical load data for forecasting the load. PGVCL hourly load data used for training and testing is collected from ALDC, Jetpur, Gujarat. Hence hereby in this paper I have compared five conventional methods for STLF and have come out with a result that forecasting errors of time series models gives reasonably accurate hour ahead load forecast.

Short-term electric load and temperature forecasting using wavelet echo state networks with neural reconstruction

Load forecasting is critical for power system operation and market planning. With the increased penetration of renewable energy and the massive consumption of electric energy, improving load forecasting accuracy has become a difficult task. Recently, it was demonstrated that deep learning models perform well for short-term load forecasting (STLF). However, prior research has demonstrated that the hybrid deep learning model outperforms the single model. We propose a hybrid neural network in this article that combines elements of a convolutional neural network (1D-CNN) and a long short memory network (LSTM) in novel ways. Multiple independent 1D-CNNs are used to extract load, calendar, and weather features from the proposed hybrid model, while LSTM is used to learn time patterns. This architecture is referred to as a CNN-LSTM network with multiple heads (MCNN-LSTM). To demonstrate the proposed hybrid deep learning model’s superior performance, the proposed method is applied to Ireland’s load data for single-step and multi-step load forecasting. In comparison to the widely used CNN-LSTM hybrid model, the proposed model improved single-step prediction by 16.73% and 24-step load prediction by 20.33%. Additionally, we use the Maine dataset to verify the proposed model’s generalizability.

An accurate electrical Short-term Load Forecasting (STLF) is an eminent factor in the power generation, electrical load dispatching and energy planning for the power supply companies, specifically in developing countries. This paper proposes a novel temporal feature selection-based Long Short-term Memory (LSTM) model developed by the combination of standard Artificial Neural Network (ANN) layer and LSTM for electrical short term load forecasting. The LSTM model has excellent capability of predicting the stochastic nature of an hour ahead electrical loads. The standard ANN layer consisting 11 neurons is used as an input to LSTM cells. Such a combination of ANN layer with LSTM was never proposed before. The proposed model accommodates variations in weather as well as temporal inputs like humidity, holidays, and date-time features in the hourly load data of the power supply company situated in Johor, Malaysia. This paper gives the insights of hyper parameter tuning to capture the more generalized electrical load patterns in the dataset without compromising the time complexity of the proposed model. The proposed approach was compared with five existing approaches, namely: ANN, LSTM model 1, LSTM model 2, LSTM model 3 and Convolutional Neural Network-LSTM (CNN-LSTM) using hourly load dataset of Johor. The experimental results demonstrate that the proposed approach outperformed the existing approaches in terms of root mean square error, mean absolute percentage error and Diebold-Mariano statistical inference test within 95% confidence interval.

The importance of day-ahead load forecasting cannot be overstated. Electricity load forecasting is highly important because it allows electric distribution utilities to increase their transmission efficiency and their revenues, increase the reliability of power supply, and correct decisions for future developments. In this paper, day-ahead load forecasting was studied using multivariate time series analysis. Traditional forecasting method such as seasonal autoregressive integrated moving average (SARIMA) was used. Machine learning algorithms such as Feed Forward Neural Network (FFNN) and Long Short Term Memory (LSTM) were also utilized to determine their applicability to short-term load forecasting. For SARIMA, only historical hourly load was needed while FFNN and LSTM required the addition of temperature data, hour of the day and day of the week, special events and previous hour load. In the prediction, FFNN and LSTM performed better with mean absolute percentage error (MAPE) of 1.80 and 1.75%, respectively, compared with SARIMA with a MAPE of 4.48%. The study demonstrated that machine learning like FFNN and LSTM outperformed the traditional SARIMA models, highlighting their effectiveness in applications such as short-term load forecasting in time series prediction.

Short-term load forecasting plays a vital role for the power system’s safe operation and production arrangements. This paper regards electric load forecasting as a nonlinear time series prediction problem, and establishes the electric load autoregressive prediction model (ARX Model) based on historical load data, approaching ARX model parameters with RBF neural network, estimating model parameters with using a Structured Nonlinear Parameters Optimization Method (SNPOM), proposing cycle prediction method for short-term electric load forecasting. Experimental results show that the method has higher prediction accuracy for short-term electric load forecasting. Keywords: Short-term load forecasting; time series; RBF-ARX model; cycle forecasting; structured nonlinear parameter optimization method

The primary objective of Short-Term Load Forecasting, often known as STLF, is to forecast load with a lead time of anything from one hour to seven days. In this study, we suggest the use of AI approaches for short-term load forecasting. Some examples of these techniques are artificial neural networks (ANN) and wavelet neural networks (WNN) (STLF). A reliable prediction makes the challenge of managing generation and load much more manageable. The ANN and WNN algorithms are used in order to calculate the STLF for the next day. The comparison between the two approaches as well as their performance is outlined, and the normalized MAPE error for one day ahead is shown in the article as well. In addition to this, the Validation is performed on the TNEB testing system. This study provided an application of AI techniques, specifically ANN and WNN, for STLF applications in power systems. For hourly load forecasting, analyses of the capabilities and characteristics of ANN and WNN are done. The suggested strategies have already been tried and tested in actual world settings with great success.

With the recent developments in energy sector, the pricing of electricity is now governed by the spot market where a variety of market mechanisms are effective. After the new legislation of market liberalization in Turkey, competition-based on hourly price has received a growing interest in the energy market, which necessitated generators and electric utility companies to add new dimensions to their scope of operation: short-term load and price forecasting. The field has several opportunities though not free from challenges. The dynamic behavior of the market price has caused the electric load to become variable and non-stationary. Furthermore, the number of nodes, in which the load must be predicted, is not constant anymore and can no longer be estimated by experts alone. In this competitive scenario, statistical forecasting methods that can automatically and accurately process thousands of data samples are essential. The purpose of this study is to demonstrate the importance of short-term load forecasting, how it has received a growing interest in Turkey and to propose an artificial neural network that can forecast the short term electricity load. Through detailed performance evaluations, we demonstrate that our forecasting method is capable of predicting the hourly load accurately.

Short-term load forecasting method based on fuzzy time series, seasonality and long memory process

This paper is concerned with the short-term load forecasting (STLF) in power system operations. It provides load prediction for generation scheduling and unit commitment decisions, and therefore precise load forecasting plays an important role in reducing the generation cost and the spinning reserve capacity. Forecasting is a significant element in economic system performance and its impact on network power control. Load forecasting with the uses of fuzzy implementation is faster and more accurate than conventional load forecasting methods that deal with huge amount of data and the long time needed to be processed. The accuracy of the dispatching system, which is derived from the accuracy of the forecasting algorithm used, will determine the economics of the operation of the power system. The inaccuracy or large error in the forecast simply means that load matching is not optimized and consequently the generation and transmission systems are not being operated in an efficient manner. In the present study, a proposed methodology has been introduced to decrease the forecasted error and the processing time by using fuzzy logic controller on an hourly base. The proposed fuzzy-based STLF method is applied on a real case study, and the results showed that the STLF of the fuzzy implementation have more accuracy and better outcomes.

Electricity load forecasting and planning have vital importance for suppliers as well as other stakeholders in the industry. Forecasting and planning are relevant issues that they provide feedback to each other to increase the efficiency of management. Accurate predictions lead to more efficient planning. Many methods are used for electricity load forecasting depending on characteristics of the system such as stationariness, non-linearity, and heteroscedasticity of data. On the other hand, in electricity load forecasting, forecasting horizons are important issues for modeling time series. In general, forecasting horizons are classified into 3 categories; long-term, mid-term and short-term load forecasting. In this paper, we dealt with short-term electricity load forecasting for Istanbul, Turkey. We utilized one of the efficient nonlinear dynamic system identification tools to make one-step ahead prediction of hourly electricity loads in Istanbul. In the final, the obtained results were discussed.

Short-term load forecasting of power systems by combination of wavelet transform and neuro-evolutionary algorithm

This research paper investigates the application of artificial neural networks (ANNs) and fuzzy logic methods for short-term load forecasting in the Western Libyan Electric Network. Historical hourly load data collected during the year 2023 by the General Electricity Company of Libya (GECOL). The study aims to develop accurate and reliable load forecasting models to support efficient grid operation and resource planning. Historical load data and meteorological variables are utilized to train and evaluate the forecasting models. The performance of the ANNs and fuzzy logic methods is compared, and the suitability of each approach for load forecasting in the Western Libyan Electric Network is assessed. The results demonstrate the effectiveness of both ANNs and fuzzy logic methods in short-term load forecasting, providing valuable insights for electricity providers and policymakers in the region. Keywords: neural' networks, fuzzy logic, load forecasting

The estimation of hourly electricity load consumption is highly important for planning short-term supply–demand equilibrium in sources and facilities. Studies of short-term load forecasting in the literature are categorized into two groups: classical conventional and artificial intelligence-based methods. Artificial intelligence-based models, especially when using fuzzy logic techniques, have more accurate load estimations when datasets include high uncertainty. However, as the knowledge base—which is defined by expert insights and decisions—gets larger, the load forecasting performance decreases. This study handles the problem that is caused by the growing knowledge base, and improves the load forecasting performance of fuzzy models through nature-inspired methods. The proposed models have been optimized by using ant colony optimization and genetic algorithm (GA) techniques. The training and testing processes of the proposed systems were performed on historical hourly load consumption and temperature data collected between 2011 and 2014. The results show that the proposed models can sufficiently improve the performance of hourly short-term load forecasting. The mean absolute percentage error (MAPE) of the monthly minimum in the forecasting model, in terms of the forecasting accuracy, is 3.9% (February 2014). The results show that the proposed methods make it possible to work with large-scale rule bases in a more flexible estimation environment.

Short-term load forecasting is viewed as one promising technology for demand prediction under the most critical inputs for the promising arrangement of power plant units. Thus, it is imperative to present new incentive methods to motivate such power system operations for electricity management. This paper proposes an approach for short-term electric load forecasting using long short-term memory networks and an improved sine cosine algorithm called MetaREC. First, using long short-term memory networks for a special kind of recurrent neural network, the dispatching commands have the characteristics of storing and transmitting both long-term and short-term memories. Next, four important parameters are determined using the sine cosine algorithm base on a logistic chaos operator and multilevel modulation factor to overcome the inaccuracy of long short-term memory networks prediction, in terms of the manual selection of parameter values. Moreover, the performance of the MetaREC method outperforms others with regard to convergence accuracy and convergence speed on a variety of test functions. Finally, our analysis is extended to the scenario of the MetaREC_long short-term memory with back propagation neural network, long short-term memory networks with default parameters, long short-term memory networks with the conventional sine-cosine algorithm, and long short-term memory networks with whale optimization for power load forecasting on a real electric load dataset. Simulation results demonstrate that the multiple forecasts with MetaREC_long short-term memory can effectively incentivize the high accuracy and stability for short-term power load forecasting.