IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v305y2022ics030626192101223x.html
   My bibliography  Save this article

Interval forecasting system for electricity load based on data pre-processing strategy and multi-objective optimization algorithm

Author

Listed:
  • Wang, Jianzhou
  • Zhang, Linyue
  • Li, Zhiwu

Abstract

Electricity load prediction is of great significance to the development of the power market and stable operation of power systems. In recent years, scholars in this field have only considered point forecasting, which ignores the inevitable prediction bias and uncertain information. To fill this gap, this study proposes an interval prediction system consisting of an advanced data reconstruction strategy, a multi-objective optimization algorithm based on the theory of non-negative constraints, and an outstanding interval forecasting model fitted by the predicted fluctuation characteristics. Moreover, this study theoretically proves that the weight assigned by the optimization algorithm is the Pareto optimal solution. Empirical data with 30 min intervals from Queensland, Australia are selected as samples for research. The results not only demonstrate the superiority of the proposed model but also provide effective technical support for power grid operation and dispatch by quantifying changes in the prediction results caused by uncertainties.

Suggested Citation

  • Wang, Jianzhou & Zhang, Linyue & Li, Zhiwu, 2022. "Interval forecasting system for electricity load based on data pre-processing strategy and multi-objective optimization algorithm," Applied Energy, Elsevier, vol. 305(C).
    • Handle: RePEc:eee:appene:v:305:y:2022:i:c:s030626192101223x
    DOI: 10.1016/j.apenergy.2021.117911
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S030626192101223X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2021.117911?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Li, Ao & Xiao, Fu & Zhang, Chong & Fan, Cheng, 2021. "Attention-based interpretable neural network for building cooling load prediction," Applied Energy, Elsevier, vol. 299(C).
    2. Talaat, M. & Farahat, M.A. & Mansour, Noura & Hatata, A.Y., 2020. "Load forecasting based on grasshopper optimization and a multilayer feed-forward neural network using regressive approach," Energy, Elsevier, vol. 196(C).
    3. Rendon-Sanchez, Juan F. & de Menezes, Lilian M., 2019. "Structural combination of seasonal exponential smoothing forecasts applied to load forecasting," European Journal of Operational Research, Elsevier, vol. 275(3), pages 916-924.
    4. Danxiang Wei & Jianzhou Wang & Kailai Ni & Guangyu Tang, 2019. "Research and Application of a Novel Hybrid Model Based on a Deep Neural Network Combined with Fuzzy Time Series for Energy Forecasting," Energies, MDPI, vol. 12(18), pages 1-38, September.
    5. Yu Jin & Honggang Guo & Jianzhou Wang & Aiyi Song, 2020. "A Hybrid System Based on LSTM for Short-Term Power Load Forecasting," Energies, MDPI, vol. 13(23), pages 1-32, November.
    6. Barman, Mayur & Dev Choudhury, N.B. & Sutradhar, Suman, 2018. "A regional hybrid GOA-SVM model based on similar day approach for short-term load forecasting in Assam, India," Energy, Elsevier, vol. 145(C), pages 710-720.
    7. Song, Jingjing & Wang, Jianzhou & Lu, Haiyan, 2018. "A novel combined model based on advanced optimization algorithm for short-term wind speed forecasting," Applied Energy, Elsevier, vol. 215(C), pages 643-658.
    8. Das, Anooshmita & Annaqeeb, Masab Khalid & Azar, Elie & Novakovic, Vojislav & Kjærgaard, Mikkel Baun, 2020. "Occupant-centric miscellaneous electric loads prediction in buildings using state-of-the-art deep learning methods," Applied Energy, Elsevier, vol. 269(C).
    9. Bo Wang & Liming Zhang & Hengrui Ma & Hongxia Wang & Shaohua Wan, 2019. "Parallel LSTM-Based Regional Integrated Energy System Multienergy Source-Load Information Interactive Energy Prediction," Complexity, Hindawi, vol. 2019, pages 1-13, November.
    10. Behm, Christian & Nolting, Lars & Praktiknjo, Aaron, 2020. "How to model European electricity load profiles using artificial neural networks," Applied Energy, Elsevier, vol. 277(C).
    11. Kailai Ni & Jianzhou Wang & Guangyu Tang & Danxiang Wei, 2019. "Research and Application of a Novel Hybrid Model Based on a Deep Neural Network for Electricity Load Forecasting: A Case Study in Australia," Energies, MDPI, vol. 12(13), pages 1-30, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jiang, Ping & Nie, Ying & Wang, Jianzhou & Huang, Xiaojia, 2023. "Multivariable short-term electricity price forecasting using artificial intelligence and multi-input multi-output scheme," Energy Economics, Elsevier, vol. 117(C).
    2. Li, Jingrui & Wang, Jiyang & Li, Zhiwu, 2023. "A novel combined forecasting system based on advanced optimization algorithm - A study on optimal interval prediction of wind speed," Energy, Elsevier, vol. 264(C).
    3. Wang, Jianzhou & Wang, Shuai & Zeng, Bo & Lu, Haiyan, 2022. "A novel ensemble probabilistic forecasting system for uncertainty in wind speed," Applied Energy, Elsevier, vol. 313(C).
    4. Ai, Chunyu & He, Shan & Fan, Xiaochao & Wang, Weiqing, 2023. "Chaotic time series wind power prediction method based on OVMD-PE and improved multi-objective state transition algorithm," Energy, Elsevier, vol. 278(C).
    5. Ghimire, Sujan & Deo, Ravinesh C. & Casillas-Pérez, David & Salcedo-Sanz, Sancho, 2024. "Two-step deep learning framework with error compensation technique for short-term, half-hourly electricity price forecasting," Applied Energy, Elsevier, vol. 353(PA).
    6. Zhang, Yunxin & Guo, Huan & Sun, Ming & Liu, Sifeng & Forrest, Jeffrey, 2023. "A novel grey Lotka–Volterra model driven by the mechanism of competition and cooperation for energy consumption forecasting," Energy, Elsevier, vol. 264(C).
    7. Zhu, Jizhong & Dong, Hanjiang & Zheng, Weiye & Li, Shenglin & Huang, Yanting & Xi, Lei, 2022. "Review and prospect of data-driven techniques for load forecasting in integrated energy systems," Applied Energy, Elsevier, vol. 321(C).
    8. Wang, Kang & Wang, Jianzhou & Zeng, Bo & Lu, Haiyan, 2022. "An integrated power load point-interval forecasting system based on information entropy and multi-objective optimization," Applied Energy, Elsevier, vol. 314(C).
    9. Wang, Jianzhou & Xing, Qianyi & Zeng, Bo & Zhao, Weigang, 2022. "An ensemble forecasting system for short-term power load based on multi-objective optimizer and fuzzy granulation," Applied Energy, Elsevier, vol. 327(C).
    10. Piao Wang & Shahid Hussain Gurmani & Zhifu Tao & Jinpei Liu & Huayou Chen, 2024. "Interval time series forecasting: A systematic literature review," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(2), pages 249-285, March.
    11. Li, Kang & Duan, Pengfei & Cao, Xiaodong & Cheng, Yuanda & Zhao, Bingxu & Xue, Qingwen & Feng, Mengdan, 2024. "A multi-energy load forecasting method based on complementary ensemble empirical model decomposition and composite evaluation factor reconstruction," Applied Energy, Elsevier, vol. 365(C).
    12. Laouafi, Abderrezak & Laouafi, Farida & Boukelia, Taqiy Eddine, 2022. "An adaptive hybrid ensemble with pattern similarity analysis and error correction for short-term load forecasting," Applied Energy, Elsevier, vol. 322(C).
    13. Zhu, Qiannan & Jiang, Feng & Li, Chaoshun, 2023. "Time-varying interval prediction and decision-making for short-term wind power using convolutional gated recurrent unit and multi-objective elephant clan optimization," Energy, Elsevier, vol. 271(C).
    14. Meng, Anbo & Zhu, Zibin & Deng, Weisi & Ou, Zuhong & Lin, Shan & Wang, Chenen & Xu, Xuancong & Wang, Xiaolin & Yin, Hao & Luo, Jianqiang, 2022. "A novel wind power prediction approach using multivariate variational mode decomposition and multi-objective crisscross optimization based deep extreme learning machine," Energy, Elsevier, vol. 260(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Qiangqiang Cheng & Yiqi Yan & Shichao Liu & Chunsheng Yang & Hicham Chaoui & Mohamad Alzayed, 2020. "Particle Filter-Based Electricity Load Prediction for Grid-Connected Microgrid Day-Ahead Scheduling," Energies, MDPI, vol. 13(24), pages 1-15, December.
    2. Xiaosheng Peng & Kai Cheng & Jianxun Lang & Zuowei Zhang & Tao Cai & Shanxu Duan, 2021. "Short-Term Wind Power Prediction for Wind Farm Clusters Based on SFFS Feature Selection and BLSTM Deep Learning," Energies, MDPI, vol. 14(7), pages 1-18, March.
    3. Shichao Huang & Jing Zhang & Yu He & Xiaofan Fu & Luqin Fan & Gang Yao & Yongjun Wen, 2022. "Short-Term Load Forecasting Based on the CEEMDAN-Sample Entropy-BPNN-Transformer," Energies, MDPI, vol. 15(10), pages 1-14, May.
    4. Li, Jingrui & Wang, Jiyang & Li, Zhiwu, 2023. "A novel combined forecasting system based on advanced optimization algorithm - A study on optimal interval prediction of wind speed," Energy, Elsevier, vol. 264(C).
    5. Yundong Gu & Dongfen Ma & Jiawei Cui & Zhenhua Li & Yaqi Chen, 2022. "Variable-Weighted Ensemble Forecasting of Short-Term Power Load Based on Factor Space Theory," Annals of Data Science, Springer, vol. 9(3), pages 485-501, June.
    6. Shi, Jiaqi & Li, Chenxi & Yan, Xiaohe, 2023. "Artificial intelligence for load forecasting: A stacking learning approach based on ensemble diversity regularization," Energy, Elsevier, vol. 262(PB).
    7. Wang, Jianzhou & Gao, Jialu & Wei, Danxiang, 2022. "Electric load prediction based on a novel combined interval forecasting system," Applied Energy, Elsevier, vol. 322(C).
    8. Li, Chen, 2020. "Designing a short-term load forecasting model in the urban smart grid system," Applied Energy, Elsevier, vol. 266(C).
    9. Yixiang Ma & Lean Yu & Guoxing Zhang, 2022. "A Hybrid Short-Term Load Forecasting Model Based on a Multi-Trait-Driven Methodology and Secondary Decomposition," Energies, MDPI, vol. 15(16), pages 1-20, August.
    10. Li, Min & Yang, Yi & He, Zhaoshuang & Guo, Xinbo & Zhang, Ruisheng & Huang, Bingqing, 2023. "A wind speed forecasting model based on multi-objective algorithm and interpretability learning," Energy, Elsevier, vol. 269(C).
    11. Peng Song & Zhisheng Zhang, 2023. "Research on Multiple Load Short-Term Forecasting Model of Integrated Energy Distribution System Based on Mogrifier-Quantum Weighted MELSTM," Energies, MDPI, vol. 16(9), pages 1-13, April.
    12. Liang, Tao & Zhao, Qing & Lv, Qingzhao & Sun, Hexu, 2021. "A novel wind speed prediction strategy based on Bi-LSTM, MOOFADA and transfer learning for centralized control centers," Energy, Elsevier, vol. 230(C).
    13. Mojtaba Qolipour & Ali Mostafaeipour & Mohammad Saidi-Mehrabad & Hamid R Arabnia, 2019. "Prediction of wind speed using a new Grey-extreme learning machine hybrid algorithm: A case study," Energy & Environment, , vol. 30(1), pages 44-62, February.
    14. Kong, Xiangyu & Li, Chuang & Wang, Chengshan & Zhang, Yusen & Zhang, Jian, 2020. "Short-term electrical load forecasting based on error correction using dynamic mode decomposition," Applied Energy, Elsevier, vol. 261(C).
    15. Meira, Erick & Cyrino Oliveira, Fernando Luiz & de Menezes, Lilian M., 2022. "Forecasting natural gas consumption using Bagging and modified regularization techniques," Energy Economics, Elsevier, vol. 106(C).
    16. Wang, Yun & Zou, Runmin & Liu, Fang & Zhang, Lingjun & Liu, Qianyi, 2021. "A review of wind speed and wind power forecasting with deep neural networks," Applied Energy, Elsevier, vol. 304(C).
    17. Talaat, M. & Hatata, A.Y. & Alsayyari, Abdulaziz S. & Alblawi, Adel, 2020. "A smart load management system based on the grasshopper optimization algorithm using the under-frequency load shedding approach," Energy, Elsevier, vol. 190(C).
    18. Wang, Jujie & Li, Yaning, 2018. "Multi-step ahead wind speed prediction based on optimal feature extraction, long short term memory neural network and error correction strategy," Applied Energy, Elsevier, vol. 230(C), pages 429-443.
    19. Gong, Mingju & Zhao, Yin & Sun, Jiawang & Han, Cuitian & Sun, Guannan & Yan, Bo, 2022. "Load forecasting of district heating system based on Informer," Energy, Elsevier, vol. 253(C).
    20. Wang, Jianzhou & Wang, Shuai & Zeng, Bo & Lu, Haiyan, 2022. "A novel ensemble probabilistic forecasting system for uncertainty in wind speed," Applied Energy, Elsevier, vol. 313(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:305:y:2022:i:c:s030626192101223x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.