As the power system is facing a transition toward a more intelligent, flexible, and interactive system with higher penetration of renewable energy generation, load forecasting, especially short-term load forecasting for individual electric customers plays an increasingly essential role in the future grid planning and operation. Other than aggregated residential load in a large scale, forecasting an electric load of a single energy user is fairly challenging due to the high volatility and uncertainty involved. In this paper, we propose a long short-term memory (LSTM) recurrent neural network-based framework, which is the latest and one of the most popular techniques of deep learning, to tackle this tricky issue. The proposed framework is tested on a publicly available set of real residential smart meter data, of which the performance is comprehensively compared to various benchmarks including the state-of-the-arts in the field of load forecasting. As a result, the proposed LSTM approach outperforms the other listed rival algorithms in the task of short-term load forecasting for individual residential households.

Short-Term Residential Load Forecasting Based on LSTM Recurrent Neural Network

To mitigate the impact of climate change and global warming, the use of renewable energies is increasing day by day significantly. A considerable amount of electricity is generated from renewable energy sources since the last decade. Among the potential renewable energies, photovoltaic (PV) has experienced enormous growth in electricity generation. A large number of PV systems have been installed in on-grid and off-grid systems in the last few years. The number of PV systems will increase rapidly in the future due to the policies of the government and international organizations, and the advantages of PV technology. However, the variability of PV power generation creates different negative impacts on the electric grid system, such as the stability, reliability, and planning of the operation, aside from the economic benefits. Therefore, accurate forecasting of PV power generation is significantly important to stabilize and secure grid operation and promote large-scale PV power integration. A good number of research has been conducted to forecast PV power generation in different perspectives. This paper made a comprehensive and systematic review of the direct forecasting of PV power generation. The importance of the correlation of the input-output data and the preprocessing of model input data are discussed. This review covers the performance analysis of several PV power forecasting models based on different classifications. The critical analysis of recent works, including statistical and machine-learning models based on historical data, is also presented. Moreover, the strengths and weaknesses of the different forecasting models, including hybrid models, and performance matrices in evaluating the forecasting model, are considered in this research. In addition, the potential benefits of model optimization are also discussed.

Forecasting of photovoltaic power generation and model optimization: A review

Short-term load forecasting is an essential instrument in power system planning, operation, and control. Many operating decisions are based on load forecasts, such as dispatch scheduling of generating capacity, reliability analysis, and maintenance planning for the generators. Overestimation of electricity demand will cause a conservative operation, which leads to the start-up of too many units or excessive energy purchase, thereby supplying an unnecessary level of reserve. On the other hand, underestimation may result in a risky operation, with insufficient preparation of spinning reserve, causing the system to operate in a vulnerable region to the disturbance. In this paper, semi-parametric additive models are proposed to estimate the relationships between demand and the driver variables. Specifically, the inputs for these models are calendar variables, lagged actual demand observations, and historical and forecast temperature traces for one or more sites in the target power system. In addition to point forecasts, prediction intervals are also estimated using a modified bootstrap method suitable for the complex seasonality seen in electricity demand data. The proposed methodology has been used to forecast the half-hourly electricity demand for up to seven days ahead for power systems in the Australian National Electricity Market. The performance of the methodology is validated via out-of-sample experiments with real data from the power system, as well as through on-site implementation by the system operator.

/pdf/short-term-load-forecasting-based-on-a-semi-parametric-4pkbxprv30.pdf

Short-Term Load Forecasting Based on a Semi-Parametric Additive Model

The modernisation of the world has significantly reduced the prime sources of energy such as coal, diesel and gas. Thus, alternative energy sources based on renewable energy have been a major focus nowadays to meet the world's energy demand and at the same time to reduce global warming. Among these energy sources, solar energy is a major source of alternative energy that is used to generate electricity through photovoltaic (PV) system. However, the performance of the power generated is highly sensitive on climate and seasonal factors. The unpredictable behaviour of the climate affects the power output and causes an unfavourable impact on the stability, reliability and operation of the grid. Thus an accurate forecasting of PV output is a crucial requirement to ensure the stability and reliability of the grid. This study provides a systematic and critical review on the methods used to forecast PV power output with main focus on the metaheuristic and machine learning methods. Advantages and disadvantages of each method are summarised, based on historical data along with forecasting horizons and input parameters. Finally, a comprehensive comparison between machine learning and metaheuristic methods is compiled to assist researchers in choosing the best forecasting technique for future research.

https://ietresearch.onlinelibrary.wiley.com/doi/epdf/10.1049/iet-rpg.2018.5649

Review on forecasting of photovoltaic power generation based on machine learning and metaheuristic techniques

Day-ahead electricity price forecasting via the application of artificial neural network based models

With the appearance of electricity markets, the variation of the price of electricity will influence usage custom of electric energy. This will complicate short-term load forecasting and challenge the existing forecasting methods that are applied to a fixed-price environment. In regard to the influence of real-time electricity prices on short-term load, a model to forecast short-term load is established by combining the radial basis function (RBF) neural network with the adaptive neural fuzzy inference system (ANFIS). The model first makes use of the nonlinear approaching capacity of the RBF network to forecast the load on the prediction day with no account of the factor of electricity price, and then, based on the recent changes of the real-time price, it uses the ANFIS system to adjust the results of load forecasting obtained by RBF network. This system integration will improve forecasting accuracy and overcome the defects of the RBF network. As shown in this paper by the results of an example of factual forecasting, the model presented can work effectively.

Song Yang

Papers

RBF Neural Network and ANFIS-Based Short-Term Load Forecasting Approach in Real-Time Price Environment