Hybrid Deep Learning Architecture to Forecast Maximum Load Duration Using Time-of-Use Pricing Plans

Load forecasting has received crucial research attention to reduce peak load and contribute to the stability of power grid using machine learning or deep learning models. Especially, we need the adequate model to forecast the maximum load duration based on time-of-use, which is the electricity usage fare policy in order to achieve the goals such as peak load reduction in a power grid. However, the existing single machine learning or deep learning forecasting cannot easily avoid overfitting. Moreover, a majority of the ensemble or hybrid models do not achieve optimal results for forecasting the maximum load duration based on time-of-use. To overcome these limitations, we propose a hybrid deep learning architecture to forecast maximum load duration based on time-of-use. Experimental results indicate that this architecture could achieve the highest average of recall and accuracy (83.43%) compared to benchmarkmodels. To verify the effectiveness of the architecture, another experimental result shows that energy storage system (ESS) scheme in accordance with the forecast results of the proposed model (LSTM-MATO) in the architecture could provide peak load cost savings of 17,535,700KRWeach year comparing with original peak load costs without the method. Therefore, the proposed architecture could be utilized for practical applications such as peak load reduction in the grid

Development of Neurofuzzy Architectures for Electricity Price Forecasting

In 20th century, many countries have liberalized their electricity market. This power markets liberalization has directed generation companies as well as wholesale buyers to undertake a greater intense risk exposure compared to the old centralized framework. In this framework, electricity price prediction has become crucial for any market player in their decision‐making process as well as strategic planning. In this study, a prototype asymmetric‐based neuro‐fuzzy network (AGFINN) architecture has been implemented for short‐term electricity prices forecasting for ISO New England market. AGFINN framework has been designed through two different defuzzification schemes. Fuzzy clustering has been explored as an initial step for defining the fuzzy rules while an asymmetric Gaussian membership function has been utilized in the fuzzification part of the model. Results related to the minimum and maximum electricity prices for ISO New England, emphasize the superiority of the proposed model over well‐established learning‐based models

A DEEP LEARNING MODEL FOR ELECTRICITY DEMAND FORECASTING BASED ON A TROPICAL DATA

Electricity demand forecasting is a term used for prediction of users’ consumption on the grid ahead of actual demand. It is very important to all power stakeholders across levels. The power players employ electricity demand forecasting for sundry purposes. Moreover, the government’s policy on its market deregulation has greatly amplified its essence. Despite numerous studies on the subject using certain classical approaches, there exists an opportunity for exploration of more sophisticated methods such as the deep learning (DL) techniques. Successful researches about DL applications to com¬puter vision, speech recognition, and acoustic computing problems are motivation. However, such researches are not sufficiently exploited for electricity demand forecasting using DL methods. In this paper, we considered specific DL techniques (LSTM, CNN, and MLP) to short-term load fore¬casting problems, using tropical institutional data obtained from a Transmission Company. We also test how accurate are predictions across the techniques. Our results relatively revealed models appropriateness for the problem

Forecasting Solar Home System Customers’ Electricity Usage with a 3D Convolutional Neural Network to Improve Energy Access

Off-grid technologies, such as solar home systems (SHS), offer the opportunity to alleviate global energy poverty, providing a cost-effective alternative to an electricity grid connection. However, there is a paucity of high-quality SHS electricity usage data and thus a limited understanding of consumers’ past and future usage patterns. This study addresses this gap by providing a rare large-scale analysis of real-time energy consumption data for SHS customers (n = 63,299) in Rwanda. Our results show that 70% of SHS users’ electricity usage decreased a year after their SHS was installed. This paper is novel in its application of a three-dimensional convolutional neural network (CNN) architecture for electricity load forecasting using time series data. It also marks the first time a CNN was used to predict SHS customers’ electricity consumption. The model forecasts individual households’ usage 24 h and seven days ahead, as well as an average week across the next three months. The last scenario derived the best performance with a mean squared error of 0.369. SHS companies could use these predictions to offer a tailored service to customers, including providing feedback information on their likely future usage and expenditure. The CNN could also aid load balancing for SHS based microgrids

Mid-Long Term Daily Electricity Consumption Forecasting Based on Piecewise Linear Regression and Dilated Causal CNN

Daily electricity consumption forecasting is a classical problem. Existing forecasting algorithms tend to have decreased accuracy on special dates like holidays. This study decomposes the daily electricity consumption series into three components: trend, seasonal, and residual, and constructs a two-stage prediction method using piecewise linear regression as a filter and Dilated Causal CNN as a predictor. The specific steps involve setting breakpoints on the time axis and fitting the piecewise linear regression model with one-hot encoded information such as month, weekday, and holidays. For the challenging prediction of the Spring Festival, distance is introduced as a variable using a third-degree polynomial form in the model. The residual sequence obtained in the previous step is modeled using Dilated Causal CNN, and the final prediction of daily electricity consumption is the sum of the two-stage predictions. Experimental results demonstrate that this method achieves higher accuracy compared to existing approaches.Comment: Key words: Daily electricity consumption forecasting; time series decomposition; piecewise linear regression; Dilated Causal CN