Modeling of electricity demand forecast for power system

Abstract

© 2019, Springer-Verlag London Ltd., part of Springer Nature. The emerging complex circumstances caused by economy, technology, and government policy and the requirement of low-carbon development of power grid lead to many challenges in the power system coordination and operation. However, the real-time scheduling of electricity generation needs accurate modeling of electricity demand forecasting for a range of lead times. In order to better capture the nonlinear and non-stationary characteristics and the seasonal cycles of future electricity demand data, a new concept of the integrated model is developed and successfully applied to research the forecast of electricity demand in this paper. The proposed model combines adaptive Fourier decomposition method, a new signal preprocessing technology, for extracting useful element from the original electricity demand series through filtering the noise factors. Considering the seasonal term existing in the decomposed series, it should be eliminated through the seasonal adjustment method, in which the seasonal indexes are calculated and should multiply the forecasts back to restore the final forecast. Besides, a newly proposed moth-flame optimization algorithm is used to ensure the suitable parameters of the least square support vector machine which can generate the forecasts. Finally, the case studies of Australia demonstrated the efficacy and feasibility of the proposed integrated model. Simultaneously, it can provide a better concept of modeling for electricity demand prediction over different forecasting horizons