Electricity Demand Forecasting Using HWT Model with Fourfold Seasonality

This article presents electricity demand forecasting models for industrial and residential facilities, developed using ensemble machine learning strategies. Short term electricity demand forecasting is beneficial for both consumers and suppliers, as it allows improving energy efficiency policies and the rational use of resources. Computational intelligence models are developed for day-ahead electricity demand forecasting. An ensemble strategy is applied to build the day-ahead forecasting model based on several one-hour models. Three steps of data preprocessing are carried out, including treating missing values, removing outliers, and standardization. Feature extraction is performed to reduce overfitting, reducing the training time and improving the accuracy. The best model is optimized using grid search strategies on hyperparameter space. Then, an ensemble of 24 instances is generated to build the complete day-ahead forecasting model. Considering the computational complexity of the applied techniques, they are developed and evaluated on the National Supercomputing Center (Cluster-UY), Uruguay. Three different real data sets are used for evaluation: an industrial park in Burgos (Spain), the total electricity demand for Uruguay, and demand from a distribution substation in Montevideo (Uruguay). Standard performance metrics are applied to evaluate the proposed models. The main results indicate that the best day ahead model based on ExtraTreesRegressor has a mean absolute percentage error of 2:55% on industrial data, 5:17% on total consumption data and 9:09% on substation data.

Changes to the electricity supply industry, in particular the progress towards deregulation, have prompted an increased interest in short-term electricity demand forecasting. Trend removal has been identified as a key element in forecasting, and perhaps the area that can most benefit from the application of advanced time series analysis. A new approach to trend removal is presented based on fixed interval, or optimal, smoothing techiques. Forecasts derived in this way are compared with more conventional approaches. Preliminary results indicate the new method to be promising and deserving of further development.

In this paper, we present a novel nonparametric algorithm for short term electricity demand forecasting. The algorithm is based on local linear regression using sliding window with variable length. The method for selecting optimal window length for each local fit offers close insight into trade-off between bias and standard deviation of local regressions. Optimal window length is selected for each value in the load time-series: large window for linear change of load to reduce variability and small window when load departs from linear function to control bias. In the presented algorithm local linear regression is used to estimate trend component of the load time series and to forecast trend component by extrapolating with the fitted local linear function. Some features of the algorithm are demonstrated in the paper using examples from the historic load data recorded in the Namibian Power Utility.

As the development of the Internet of Things, many terminal devices are continually intelligent. However, with the increase of distributed terminal equipment and the diversification of business, cloud computing technology cannot meet the needs of smart home. In consideration of the advantages of edge computing and the demand of smart home, this paper proposes an smart home electricity demand forecasting system based on Edge Computing with a short-term (24-steps) electricity demand forecasting. Our system utilizes intelligent home gateway to store heterogeneous data into a central repository where it will be processed and analyzed, and these analyzed data would then be used for forecasting local bundled resident electricity demand mainly at intelligent home gateway by acting as a local computing unit to provide edge computing service for residents. Besides, our system can also report the historical and real-time environmental data (indoor and outdoor) and electric data from intelligent home gateway. The experimental results demonstrate our system can provide better service quality and scalability with limited computing resources compared with simply using cloud computing system only.

This paper shows a bibliographic review of studies conducted at the international scope in monthly electric energy demand forecasting, and the works developed in Colombia. In addition, reports the state of the art of investigations done with wavelet transform applied to electric energy prediction and studies reported with the nonlinear neural model autoregressive (NAR) in prediction. Finally we present a proposal for electric demand forecasting for the interconnected sector of Colombia.

The development of an accurate electricity demand forecasting model is of paramount importance for promoting global energy efficiency and sustainability. Nonetheless, the presence of outliers and inappropriate model training can result in suboptimal performance. To tackle these challenges, this study explores the potential of Convolutional Neural Network (CNN) and active learning theory as forecasting solutions, offering high efficiency and advantages for long time series. In this study, a hybrid model that combines Isolation Forest (IF), Outlier Reconstruction (OR), CNN and Random Forest (RF) is conducted to mitigate computational complexity and enhance the accuracy of electricity demand forecasting in the presence of outliers. IF is employed to detect outliers in electricity demand time series, while OR is used to reconstruct subsequences based on calendrical heterogeneity for training. CNN is applied for both training and forecasting, and the final output is combined using RF. The effectiveness of the proposed IF-OR-CNN-RF model is validated using electricity data collected from recent sources in Australia at different sampling frequency. The experimental results demonstrate that, in comparison with other popular CNN-based electricity demand forecasting models, IF-OR-CNN-RF model outperforms with significantly improved performance metrics. Specifically, Mean Absolute Error (MAE), Root Mean Squared Error (RMSE) and R-squared values are 77.92, 179.18 and 0.9769 in 5-minute frequency; 162.67, 353.96 and 0.9775 in 10-minute frequency; 841.27, 1374.79 and 0.9622 in 30-minute frequency; 2746.01, 3824.00 and 0.9262 in 60-minute frequency; 9106.08, 12269.04 and 0.8044 in 120-minute frequency. IF-OR-CNN-RF model represents a valuable framework for future electricity demand forecasting, particularly in scenarios involving outliers.

The power industry is the main battlefield of CO2 emission reduction, which plays an important role in the implementation and development of the low carbon economy. The forecasting of electricity demand can provide a scientific basis for the country to formulate a power industry development strategy and further promote the sustained, healthy and rapid development of the national economy. Under the goal of low-carbon economy, medium and long term electricity demand forecasting will have very important practical significance. In this paper, a new hybrid electricity demand model framework is characterized as follows: firstly, integration of grey relation degree (GRD) with induced ordered weighted harmonic averaging operator (IOWHA) to propose a new weight determination method of hybrid forecasting model on basis of forecasting accuracy as induced variables is presented; secondly, utilization of the proposed weight determination method to construct the optimal hybrid forecasting model based on extreme learning machine (ELM) forecasting model and multiple regression (MR) model; thirdly, three scenarios in line with the level of realization of various carbon emission targets and dynamic simulation of effect of low-carbon economy on future electricity demand are discussed. The resulting findings show that, the proposed model outperformed and concentrated some monomial forecasting models, especially in boosting the overall instability dramatically. In addition, the development of a low-carbon economy will increase the demand for electricity, and have an impact on the adjustment of the electricity demand structure.

Having an accurate forecast of future electricity usage is vital for utility companies to be able to provide adequate power supply to meet the demand. Two methods have been implemented to perform forecasting of electricity demand, namely, regression analysis (RA) and artificial neural networks (ANNs). We aim to compare these two methods in this paper using the mean absolute percentage error (MAPE) to measure the forecasting performance. The results show that ANNs are more effective than RA in long-term forecast. In addition to that, from our investigation into the effects of the inclusion of economic and social factors, such as population and gross domestic product (GDP), into the forecast, we conclude that the inclusion of economic and social factors do not improve the accuracy of the forecast of the chosen ANN model for electricity demand.

Climate change and electricity demand in Brazil: A stochastic approach

Under the background of China’s power system reform, the electric power enterprise is required to upgrade its service and optimize the allocation of resources based on the electricity demand. Market competition requires electric power enterprises to pay more attention tothe demandside, and predict the electricity demand, in order to provide timely feedback to system. The electricity consumption of household is mainly predicted by household appliances. The electricity consumption of industrial, agricultural and transportation industries are mainly predicted by the output and mileage of operation. This article uses LEAP (Low Emissions Analysis Platform) to set up a model to simulate the electricity demand in Beijing. This research can provide the significant support for improving the intelligent service of electric power enterprises, and provide a new perspective for electricity demand forecasting.

In this paper, a systematic literature review is presented, through a survey of the main digital databases, regarding modelling methods for Short-Term Load Forecasting (STLF) for hourly electricity demand for residential electricity and to realize the performance evolution and impact of Artificial Intelligence (AI) in STLF. With these specific objectives, a conceptual framework on the subject was developed, along with a systematic review of the literature based on scientific publications with high impact and a bibliometric study directed towards the scientific production of AI and STLF. The review of research articles over a 10-year period, which took place between 2012 and 2022, used the Preferred Reporting Items for Systematic and Meta-Analyses (PRISMA) method. This research resulted in more than 300 articles, available in four databases: Web of Science, IEEE Xplore, Scopus, and Science Direct. The research was organized around three central themes, which were defined through the following keywords: STLF, Electricity, and Residential, along with their corresponding synonyms. In total, 334 research articles were analyzed, and the year of publication, journal, author, geography by continent and country, and the area of application were identified. Of the 335 documents found in the initial research and after applying the inclusion/exclusion criteria, which allowed delimiting the subject addressed in the topics of interest for analysis, 38 (thirty-eight) documents were in English (26 journal articles and 12 conference papers). The results point to a diversity of modelling techniques and associated algorithms. The corresponding performance was measured with different metrics and, therefore, cannot be compared directly. Hence, it is desirable to have a unified dataset, together with a set of benchmarks with well-defined metrics for a clear comparison of all the modelling techniques and the corresponding algorithms.

Incorporating the influence of China's industrial capacity elimination policies in electricity demand forecasting

Short-term electricity demand or load forecasting is the way of estimating future demand for short time horizon, an hour to one week ahead. Short horizon forecasting helps to maintain secure power system, avoids blackout risk and provides adequate electricity supply. Therefore, accurate forecasting is prime concern for day to day planing and ensuring the stability of electricity system. Many literature show their mean absolute percentage error (MAPE) for short term load forecasting as less than 2%, which is very competitive performance. The methodology behind good performance is that the model should address the driving factors that effect electricity load and employs appropriate estimation techniques. In our work, multiple linear regression model are developed and Bayesian estimation technique is used. Assuming historical load, temperature, daily, and weekly seasonal patterns as the main effecting factors for electricity load consumption, two models Model A, and Model B are constructed. Model A consist historical load and deterministic terms. However, model B consist all variables of Model A plus temperature variables. These models are analyzed based on their forecasting performance for three years out of sample prediction. Our results showed that when temperature variable is included in model, it can improve the overall performance at least by 20%. Performance improvement was higher during morning and evening hours than day hours. Interestingly, evening hours (17 to 22) are statistically not significant.

Improved-performance day-ahead electricity demand forecast is important to deliver necessary information for right decision of energy management of microgrids. It supports microgrid operators and stakeholders to have better decisions on microgrid flexibility, stability and control. The available conventional forecasting methods for electricity demand at national or regional level are not effective for electricity demand forecasting in microgrids. This is due to the fact that the electricity consumption in microgrids is many times less than the regional or national demands and it is highly volatile. In this paper, an integrated Artificial Intelligence (AI) based approach consisting of Wavelet Transform (WT), Simulated Annealing (SA) and Feedforward Artificial Neural Network (FFANN) is devised for day-ahead prediction of electric power consumption in microgrids. The FFANN is the basic forecasting engine of the proposed model. The WT is utilized to extract relevant features of the target variable (electric load data series) to obtain a cluster of enhanced-feature subseries. The extracted subseries of the past values of the electric load demand data are employed as the target variables to model the FFANN. The SA optimization technique is employed to obtain the optimal values of the FFANN weight parameters during the training process. Historical information of actual electricity consumption, meteorological variables, daily variations, weekly variations, and working/non-working day indicators have been employed to develop the forecasting tool of the devised integrated AI based approach. The approach is validated using electricity demand data of an operational microgrid in Beijing, China. The prediction results are presented for future testing days with one-hour time interval. The validation results demonstrated that the devised approach is capable to forecast the microgrid electricity demand with acceptably small error and reasonably short computation time. Moreover, the prediction performance of the devised approach has been evaluated relative to other four approaches and resulted in better prediction accuracy.

This research assesses the Ecuadorian power generation system, estimating the electricity supply and demand forecast until 2040. For this purpose, three potential alternative scenarios were analyzed using the Long-range Energy Alternatives Planning (LEAP) System; S1: Business As Usual; S2: Power Generation Master Plan; and S3: Sustainable Power Generation System. The main goal of this study is to analyze the possible alternatives for electricity supply and demand, fuel consumption, and the future structure of the Ecuadorian power generation system to transform the current system based on petroleum fuels into a sustainable system that consumes natural gas, and progressively introduces renewable power generation plants such as solar, wind, biomass, and hydroelectric until 2040. According to the estimated results through the inclusion of sustainable energy policies, S3 scenario relative to S1 scenario could reduce the average CO2 equivalent (CO2e) emissions by 11.72%, the average production costs by 9.78%, and the average petroleum fuel consumption by 15.95%. Consequently, a correct energy transition contributes to the protection of the environment and public health and has a direct effect on economic savings for the state, which benefits to improve the citizen’s quality of life.