IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i16p6539-d398335.html
   My bibliography  Save this article

Peak-Load Forecasting for Small Industries: A Machine Learning Approach

Author

Listed:
  • Dong-Hoon Kim

    (Department of Information and Telecommunication Engineering, Incheon Nat’l University, Incheon 22012, Korea)

  • Eun-Kyu Lee

    (Department of Information and Telecommunication Engineering, Incheon Nat’l University, Incheon 22012, Korea)

  • Naik Bakht Sania Qureshi

    (Department of Information and Telecommunication Engineering, Incheon Nat’l University, Incheon 22012, Korea)

Abstract

Peak-load forecasting prevents energy waste and helps with environmental issues by establishing plans for the use of renewable energy. For that reason, the subject is still actively studied. Most of these studies are focused on improving predictive performance by using varying feature information, but most small industrial facilities cannot provide such information because of a lack of infrastructure. Therefore, we introduce a series of studies to implement a generalized prediction model that is applicable to these small industrial facilities. On the basis of the pattern of load information of most industrial facilities, new features were selected, and a generalized model was developed through the aggregation of ensemble models. In addition, a new method is proposed to improve prediction performance by providing additional compensation to the prediction results by reflecting the fewest opinions among the prediction results of each model. Actual data from two small industrial facilities were applied to our process, and the results proved the effectiveness of our proposed method.

Suggested Citation

  • Dong-Hoon Kim & Eun-Kyu Lee & Naik Bakht Sania Qureshi, 2020. "Peak-Load Forecasting for Small Industries: A Machine Learning Approach," Sustainability, MDPI, vol. 12(16), pages 1-19, August.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:16:p:6539-:d:398335
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/16/6539/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/16/6539/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Yao Zhang & Fan Lin & Ke Wang, 2020. "Robustness of Short-Term Wind Power Forecasting against False Data Injection Attacks," Energies, MDPI, vol. 13(15), pages 1-21, July.
    2. Luo, Jian & Hong, Tao & Fang, Shu-Cherng, 2018. "Benchmarking robustness of load forecasting models under data integrity attacks," International Journal of Forecasting, Elsevier, vol. 34(1), pages 89-104.
    3. Cai, Mengmeng & Pipattanasomporn, Manisa & Rahman, Saifur, 2019. "Day-ahead building-level load forecasts using deep learning vs. traditional time-series techniques," Applied Energy, Elsevier, vol. 236(C), pages 1078-1088.
    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. Amara-Ouali, Yvenn & Fasiolo, Matteo & Goude, Yannig & Yan, Hui, 2023. "Daily peak electrical load forecasting with a multi-resolution approach," International Journal of Forecasting, Elsevier, vol. 39(3), pages 1272-1286.
    2. Joohyun Jang & Woonyoung Jeong & Sangmin Kim & Byeongcheon Lee & Miyoung Lee & Jihoon Moon, 2023. "RAID: Robust and Interpretable Daily Peak Load Forecasting via Multiple Deep Neural Networks and Shapley Values," Sustainability, MDPI, vol. 15(8), pages 1-27, April.
    3. Ming-Fong Tsai & Yen-Ching Chu & Min-Hao Li & Lien-Wu Chen, 2020. "Smart Machinery Monitoring System with Reduced Information Transmission and Fault Prediction Methods Using Industrial Internet of Things," Mathematics, MDPI, vol. 9(1), pages 1-14, December.
    4. Bibi Ibrahim & Luis Rabelo, 2021. "A Deep Learning Approach for Peak Load Forecasting: A Case Study on Panama," Energies, MDPI, vol. 14(11), pages 1-26, May.

    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. Fahd A. Alturki & Emad Mahrous Awwad, 2021. "Sizing and Cost Minimization of Standalone Hybrid WT/PV/Biomass/Pump-Hydro Storage-Based Energy Systems," Energies, MDPI, vol. 14(2), pages 1-20, January.
    2. Fath U Min Ullah & Noman Khan & Tanveer Hussain & Mi Young Lee & Sung Wook Baik, 2021. "Diving Deep into Short-Term Electricity Load Forecasting: Comparative Analysis and a Novel Framework," Mathematics, MDPI, vol. 9(6), pages 1-22, March.
    3. Koziel, Sylvie & Hilber, Patrik & Westerlund, Per & Shayesteh, Ebrahim, 2021. "Investments in data quality: Evaluating impacts of faulty data on asset management in power systems," Applied Energy, Elsevier, vol. 281(C).
    4. Monika Zimmermann & Florian Ziel, 2024. "Efficient mid-term forecasting of hourly electricity load using generalized additive models," Papers 2405.17070, arXiv.org.
    5. Alexandra L’Heureux & Katarina Grolinger & Miriam A. M. Capretz, 2022. "Transformer-Based Model for Electrical Load Forecasting," Energies, MDPI, vol. 15(14), pages 1-23, July.
    6. Jihoon Moon & Junhong Kim & Pilsung Kang & Eenjun Hwang, 2020. "Solving the Cold-Start Problem in Short-Term Load Forecasting Using Tree-Based Methods," Energies, MDPI, vol. 13(4), pages 1-37, February.
    7. Feng, Qianqian & Sun, Xiaolei & Hao, Jun & Li, Jianping, 2021. "Predictability dynamics of multifactor-influenced installed capacity: A perspective of country clustering," Energy, Elsevier, vol. 214(C).
    8. Hou, Jiazuo & Hu, Chenxi & Lei, Shunbo & Hou, Yunhe, 2024. "Cyber resilience of power electronics-enabled power systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 189(PB).
    9. Wang, Kejun & Qi, Xiaoxia & Liu, Hongda, 2019. "A comparison of day-ahead photovoltaic power forecasting models based on deep learning neural network," Applied Energy, Elsevier, vol. 251(C), pages 1-1.
    10. Ahmad, Tanveer & Chen, Huanxin, 2019. "Deep learning for multi-scale smart energy forecasting," Energy, Elsevier, vol. 175(C), pages 98-112.
    11. Jonathan Berrisch & Micha{l} Narajewski & Florian Ziel, 2022. "High-Resolution Peak Demand Estimation Using Generalized Additive Models and Deep Neural Networks," Papers 2203.03342, arXiv.org, revised Nov 2022.
    12. Ibrahim, Muhammad Sohail & Dong, Wei & Yang, Qiang, 2020. "Machine learning driven smart electric power systems: Current trends and new perspectives," Applied Energy, Elsevier, vol. 272(C).
    13. Wei, Ziqing & Zhang, Tingwei & Yue, Bao & Ding, Yunxiao & Xiao, Ran & Wang, Ruzhu & Zhai, Xiaoqiang, 2021. "Prediction of residential district heating load based on machine learning: A case study," Energy, Elsevier, vol. 231(C).
    14. Luo, Jian & Hong, Tao & Gao, Zheming & Fang, Shu-Cherng, 2023. "A robust support vector regression model for electric load forecasting," International Journal of Forecasting, Elsevier, vol. 39(2), pages 1005-1020.
    15. Hyunsoo Kim & Jiseok Jeong & Changwan Kim, 2022. "Daily Peak-Electricity-Demand Forecasting Based on Residual Long Short-Term Network," Mathematics, MDPI, vol. 10(23), pages 1-17, November.
    16. Gao, Zheming & Fang, Shu-Cherng & Luo, Jian & Medhin, Negash, 2021. "A kernel-free double well potential support vector machine with applications," European Journal of Operational Research, Elsevier, vol. 290(1), pages 248-262.
    17. Wang, Ran & Lu, Shilei & Feng, Wei, 2020. "A novel improved model for building energy consumption prediction based on model integration," Applied Energy, Elsevier, vol. 262(C).
    18. Wang, Kejun & Qi, Xiaoxia & Liu, Hongda, 2019. "Photovoltaic power forecasting based LSTM-Convolutional Network," Energy, Elsevier, vol. 189(C).
    19. Hui, Hongxun & Ding, Yi & Song, Yonghua & Rahman, Saifur, 2019. "Modeling and control of flexible loads for frequency regulation services considering compensation of communication latency and detection error," Applied Energy, Elsevier, vol. 250(C), pages 161-174.
    20. Hadjout, D. & Torres, J.F. & Troncoso, A. & Sebaa, A. & Martínez-Álvarez, F., 2022. "Electricity consumption forecasting based on ensemble deep learning with application to the Algerian market," Energy, Elsevier, vol. 243(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:gam:jsusta:v:12:y:2020:i:16:p:6539-:d:398335. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.