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Short-Term Load Forecasting Algorithm Using a Similar Day Selection Method Based on Reinforcement Learning

Author

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  • Rae-Jun Park

    (Department of Electrical Engineering, Soongsil University, Seoul 06978, Korea)

  • Kyung-Bin Song

    (Department of Electrical Engineering, Soongsil University, Seoul 06978, Korea)

  • Bo-Sung Kwon

    (Department of Electrical Engineering, Soongsil University, Seoul 06978, Korea)

Abstract

Short-term load forecasting (STLF) is very important for planning and operating power systems and markets. Various algorithms have been developed for STLF. However, numerous utilities still apply additional correction processes, which depend on experienced professionals. In this study, an STLF algorithm that uses a similar day selection method based on reinforcement learning is proposed to substitute the dependence on an expert’s experience. The proposed algorithm consists of the selection of similar days, which is based on the reinforcement algorithm, and the STLF, which is based on an artificial neural network. The proposed similar day selection model based on the reinforcement learning algorithm is developed based on the Deep Q-Network technique, which is a value-based reinforcement learning algorithm. The proposed similar day selection model and load forecasting model are tested using the measured load and meteorological data for Korea. The proposed algorithm shows an improvement accuracy of load forecasting over previous algorithms. The proposed STLF algorithm is expected to improve the predictive accuracy of STLF because it can be applied in a complementary manner along with other load forecasting algorithms.

Suggested Citation

  • Rae-Jun Park & Kyung-Bin Song & Bo-Sung Kwon, 2020. "Short-Term Load Forecasting Algorithm Using a Similar Day Selection Method Based on Reinforcement Learning," Energies, MDPI, vol. 13(10), pages 1-19, May.
    • Handle: RePEc:gam:jeners:v:13:y:2020:i:10:p:2640-:d:361430
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    References listed on IDEAS

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    Cited by:

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    2. Zhang, Xu & Sun, Yongjun & Gao, Dian-ce & Zou, Wenke & Fu, Jianping & Ma, Xiaowen, 2022. "Similarity-based grouping method for evaluation and optimization of dataset structure in machine-learning based short-term building cooling load prediction without measurable occupancy information," Applied Energy, Elsevier, vol. 327(C).
    3. Mohamed Massaoudi & Shady S. Refaat & Haitham Abu-Rub & Ines Chihi & Fakhreddine S. Oueslati, 2020. "PLS-CNN-BiLSTM: An End-to-End Algorithm-Based Savitzky–Golay Smoothing and Evolution Strategy for Load Forecasting," Energies, MDPI, vol. 13(20), pages 1-29, October.
    4. Bo Hu & Jian Xu & Zuoxia Xing & Pengfei Zhang & Jia Cui & Jinglu Liu, 2022. "Short-Term Combined Forecasting Method of Park Load Based on CEEMD-MLR-LSSVR-SBO," Energies, MDPI, vol. 15(8), pages 1-14, April.
    5. Feras Alasali & Khaled Nusair & Lina Alhmoud & Eyad Zarour, 2021. "Impact of the COVID-19 Pandemic on Electricity Demand and Load Forecasting," Sustainability, MDPI, vol. 13(3), pages 1-22, January.
    6. Eduardo Caro & Jesús Juan, 2020. "Short-Term Load Forecasting for Spanish Insular Electric Systems," Energies, MDPI, vol. 13(14), pages 1-26, July.
    7. 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.
    8. Dong-Jin Bae & Bo-Sung Kwon & Kyung-Bin Song, 2021. "XGBoost-Based Day-Ahead Load Forecasting Algorithm Considering Behind-the-Meter Solar PV Generation," Energies, MDPI, vol. 15(1), pages 1-16, December.
    9. Yamin Shen & Yuxuan Ma & Simin Deng & Chiou-Jye Huang & Ping-Huan Kuo, 2021. "An Ensemble Model based on Deep Learning and Data Preprocessing for Short-Term Electrical Load Forecasting," Sustainability, MDPI, vol. 13(4), pages 1-21, February.
    10. Zhou, Xinlei & Lin, Wenye & Kumar, Ritunesh & Cui, Ping & Ma, Zhenjun, 2022. "A data-driven strategy using long short term memory models and reinforcement learning to predict building electricity consumption," Applied Energy, Elsevier, vol. 306(PB).
    11. Lalitpat Aswanuwath & Warut Pannakkong & Jirachai Buddhakulsomsiri & Jessada Karnjana & Van-Nam Huynh, 2023. "A Hybrid Model of VMD-EMD-FFT, Similar Days Selection Method, Stepwise Regression, and Artificial Neural Network for Daily Electricity Peak Load Forecasting," Energies, MDPI, vol. 16(4), pages 1-24, February.

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