• Title/Summary/Keyword: Day-ahead forecasting

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TAR(Threshold Autoregressive) Model for Short-Term Load Forecasting Using Nonlinearity of Temperature and Load (온도와 부하의 비선형성을 이용한 단기부하예측에서의 TAR(Threshold Autoregressive) 모델)

  • Lee, Gyeong Hun;Lee, Yun Ho;Kim, Jin O
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.50 no.9
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    • pp.399-399
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    • 2001
  • This paper proposes TAR(Threshold Autoregressive) model for short-term load forecasting including temperature variable. In the scatter diagram of daily peak load versus daily high or low temperature, we can find out that the load-temperature relationship has a negative slope in the lower regime and a positive slope in the upper regime due to the heating and cooling load, respectively. TAR model is adequate for analyzing these phenomena since TAR model is a piecewise linear autoregressive model. In this paper, we estimated and forecasted one day-ahead daily peak load by applying TAR model using this load-temperature characteristic in these regimes. The results are compared with those of linear and quadratic regression models.

TAR(Threshold Autoregressive) Model for Short-Term Load Forecasting Using Nonlinearity of Temperature and Load (온도와 부하의 비선형성을 이용한 단기부하예측에서의 TAR(Threshold Autoregressive) 모델)

  • Lee, Gyeong-Hun;Lee, Yun-Ho;Kim, Jin-O
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.50 no.9
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    • pp.309-405
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    • 2001
  • This paper proposes TAR(Threshold Autoregressive) model for short-term load forecasting including temperature variable. In the scatter diagram of daily peak load versus daily high or low temperature, we can find out that the load-temperature relationship has a negative slope in the lower regime and a positive slope in the upper regime due to the heating and cooling load, respectively. TAR model is adequate for analyzing these phenomena since TAR model is a piecewise linear autoregressive model. In this paper, we estimated and forecasted one day-ahead daily peak load by applying TAR model using this load-temperature characteristic in these regimes. The results are compared with those of linear and quadratic regression models.

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Forecasting Day-ahead Electricity Price Using a Hybrid Improved Approach

  • Hu, Jian-Ming;Wang, Jian-Zhou
    • Journal of Electrical Engineering and Technology
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    • v.12 no.6
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    • pp.2166-2176
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    • 2017
  • Electricity price prediction plays a crucial part in making the schedule and managing the risk to the competitive electricity market participants. However, it is a difficult and challenging task owing to the characteristics of the nonlinearity, non-stationarity and uncertainty of the price series. This study proposes a hybrid improved strategy which incorporates data preprocessor components and a forecasting engine component to enhance the forecasting accuracy of the electricity price. In the developed forecasting procedure, the Seasonal Adjustment (SA) method and the Ensemble Empirical Mode Decomposition (EEMD) technique are synthesized as the data preprocessing component; the Coupled Simulated Annealing (CSA) optimization method and the Least Square Support Vector Regression (LSSVR) algorithm construct the prediction engine. The proposed hybrid approach is verified with electricity price data sampled from the power market of New South Wales in Australia. The simulation outcome manifests that the proposed hybrid approach obtains the observable improvement in the forecasting accuracy compared with other approaches, which suggests that the proposed combinational approach occupies preferable predication ability and enough precision.

Research on Forecasting Framework for System Marginal Price based on Deep Recurrent Neural Networks and Statistical Analysis Models

  • Kim, Taehyun;Lee, Yoonjae;Hwangbo, Soonho
    • Clean Technology
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    • v.28 no.2
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    • pp.138-146
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    • 2022
  • Electricity has become a factor that dramatically affects the market economy. The day-ahead system marginal price determines electricity prices, and system marginal price forecasting is critical in maintaining energy management systems. There have been several studies using mathematics and machine learning models to forecast the system marginal price, but few studies have been conducted to develop, compare, and analyze various machine learning and deep learning models based on a data-driven framework. Therefore, in this study, different machine learning algorithms (i.e., autoregressive-based models such as the autoregressive integrated moving average model) and deep learning networks (i.e., recurrent neural network-based models such as the long short-term memory and gated recurrent unit model) are considered and integrated evaluation metrics including a forecasting test and information criteria are proposed to discern the optimal forecasting model. A case study of South Korea using long-term time-series system marginal price data from 2016 to 2021 was applied to the developed framework. The results of the study indicate that the autoregressive integrated moving average model (R-squared score: 0.97) and the gated recurrent unit model (R-squared score: 0.94) are appropriate for system marginal price forecasting. This study is expected to contribute significantly to energy management systems and the suggested framework can be explicitly applied for renewable energy networks.

A novel SARMA-ANN hybrid model for global solar radiation forecasting

  • Srivastava, Rachit;Tiwaria, A.N.;Giri, V.K.
    • Advances in Energy Research
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    • v.6 no.2
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    • pp.131-143
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    • 2019
  • Global Solar Radiation (GSR) is the key element for performance estimation of any Solar Power Plant (SPP). Its forecasting may help in estimation of power production from a SPP well in advance, and may also render help in optimal use of this power. Seasonal Auto-Regressive Moving Average (SARMA) and Artificial Neural Network (ANN) models are combined in order to develop a hybrid model (SARMA-ANN) conceiving the characteristics of both linear and non-linear prediction models. This developed model has been used for prediction of GSR at Gorakhpur, situated in the northern region of India. The proposed model is beneficial for the univariate forecasting. Along with this model, we have also used Auto-Regressive Moving Average (ARMA), SARMA, ANN based models for 1 - 6 day-ahead forecasting of GSR on hourly basis. It has been found that the proposed model presents least RMSE (Root Mean Square Error) and produces best forecasting results among all the models considered in the present study. As an application, the comparison between the forecasted one and the energy produced by the grid connected PV plant installed on the parking stands of the University shows the superiority of the proposed model.

Prediction Intervals for Day-Ahead Photovoltaic Power Forecasts with Non-Parametric and Parametric Distributions

  • Fonseca, Joao Gari da Silva Junior;Ohtake, Hideaki;Oozeki, Takashi;Ogimoto, Kazuhiko
    • Journal of Electrical Engineering and Technology
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    • v.13 no.4
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    • pp.1504-1514
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    • 2018
  • The objective of this study is to compare the suitability of a non-parametric and 3 parametric distributions in the characterization of prediction intervals of photovoltaic power forecasts with high confidence levels. The prediction intervals of the forecasts are calculated using a method based on recent past data similar to the target forecast input data, and on a distribution assumption for the forecast error. To compare the suitability of the distributions, prediction intervals were calculated using the proposed method and each of the 4 distributions. The calculations were done for one year of day-ahead forecasts of hourly power generation of 432 PV systems. The systems have different sizes and specifications, and are installed in different locations in Japan. The results show that, in general, the non-parametric distribution assumption for the forecast error yielded the best prediction intervals. For example, with a confidence level of 85% the use of the non-parametric distribution assumption yielded a median annual forecast error coverage of 86.9%. This result was close to the one obtained with the Laplacian distribution assumption (87.8% of coverage for the same confidence level). Contrasting with that, using a Gaussian and Hyperbolic distributions yielded median annual forecast error coverage of 89.5% and 90.5%.

Short-Term Electrical Load Forecasting using Neuro-Fuzzy Models (뉴로-퍼지 모델을 이용한 단기 전력 수요 예측시스템)

  • Park, Yeong-Jin;Sim, Hyeon-Jeong;Wang, Bo-Hyeon
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.49 no.3
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    • pp.107-117
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    • 2000
  • This paper proposes a systematic method to develop short-term electrical load forecasting systems using neuro-fuzzy models. The primary goal of the proposed method is to improve the performance of the prediction model in terms of accuracy and reliability. For this, the proposed method explores the advantages of the structure learning of the neuro-fuzzy model. The proposed load forecasting system first builds an initial structure off-line for each hour of four day types and then stores the resultant initial structures in the initial structure bank. Whenever a prediction needs to be made, the proposed system initializes the neuro-fuzzy model with the appropriate initial structure stored and trains the initialized model. In order to demonstrate the viability of the proposed method, we develop an one hour ahead load forecasting system by using the real load data collected during 1993 and 1994 at KEPCO. Simulation results reveal that the prediction system developed in this paper can achieve a remarkable improvement on both accuracy and reliability compared with the prediction systems based on multilayer perceptrons, radial basis function networks, and neuro-fuzzy models without the structure learning.

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Comparison of Solar Power Generation Forecasting Performance in Daejeon and Busan Based on Preprocessing Methods and Artificial Intelligence Techniques: Using Meteorological Observation and Forecast Data (전처리 방법과 인공지능 모델 차이에 따른 대전과 부산의 태양광 발전량 예측성능 비교: 기상관측자료와 예보자료를 이용하여)

  • Chae-Yeon Shim;Gyeong-Min Baek;Hyun-Su Park;Jong-Yeon Park
    • Atmosphere
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    • v.34 no.2
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    • pp.177-185
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    • 2024
  • As increasing global interest in renewable energy due to the ongoing climate crisis, there is a growing need for efficient technologies to manage such resources. This study focuses on the predictive skill of daily solar power generation using weather observation and forecast data. Meteorological data from the Korea Meteorological Administration and solar power generation data from the Korea Power Exchange were utilized for the period from January 2017 to May 2023, considering both inland (Daejeon) and coastal (Busan) regions. Temperature, wind speed, relative humidity, and precipitation were selected as relevant meteorological variables for solar power prediction. All data was preprocessed by removing their systematic components to use only their residuals and the residual of solar data were further processed with weighted adjustments for homoscedasticity. Four models, MLR (Multiple Linear Regression), RF (Random Forest), DNN (Deep Neural Network), and RNN (Recurrent Neural Network), were employed for solar power prediction and their performances were evaluated based on predicted values utilizing observed meteorological data (used as a reference), 1-day-ahead forecast data (referred to as fore1), and 2-day-ahead forecast data (fore2). DNN-based prediction model exhibits superior performance in both regions, with RNN performing the least effectively. However, MLR and RF demonstrate competitive performance comparable to DNN. The disparities in the performance of the four different models are less pronounced than anticipated, underscoring the pivotal role of fitting models using residuals. This emphasizes that the utilized preprocessing approach, specifically leveraging residuals, is poised to play a crucial role in the future of solar power generation forecasting.

Forecasting Water Levels Of Bocheong River Using Neural Network Model

  • Kim, Ji-tae;Koh, Won-joon;Cho, Won-cheol
    • Water Engineering Research
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    • v.1 no.2
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    • pp.129-136
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    • 2000
  • Predicting water levels is a difficult task because a lot of uncertainties are included. Therefore the neural network which is appropriate to such a problem, is introduced. One day ahead forecasting of river stage in the Bocheong River is carried out by using the neural network model. Historical water levels at Snagye gauging point which is located at the downstream of the Bocheong River and average rainfall of the Bocheong River basin are selected as training data sets. With these data sets, the training process has been done by using back propagation algorithm. Then waters levels in 1997 and 1998 are predicted with the trained algorithm. To improve the accuracy, a filtering method is introduced as predicting scheme. It is shown that predicted results are in a good agreement with observed water levels and that a filtering method can overcome the lack of training patterns.

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Multicity Seasonal Air Quality Index Forecasting using Soft Computing Techniques

  • Tikhe, Shruti S.;Khare, K.C.;Londhe, S.N.
    • Advances in environmental research
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    • v.4 no.2
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    • pp.83-104
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    • 2015
  • Air Quality Index (AQI) is a pointer to broadcast short term air quality. This paper presents one day ahead AQI forecasting on seasonal basis for three major cities in Maharashtra State, India by using Artificial Neural Networks (ANN) and Genetic Programming (GP). The meteorological observations & previous AQI from 2005-2008 are used to predict next day's AQI. It was observed that GP captures the phenomenon better than ANN and could also follow the peak values better than ANN. The overall performance of GP seems better as compared to ANN. Stochastic nature of the input parameters and the possibility of auto-correlation might have introduced time lag and subsequent errors in predictions. Spectral Analysis (SA) was used for characterization of the error introduced. Correlational dependency (serial dependency) was calculated for all 24 models prepared on seasonal basis. Particular lags (k) in all the models were removed by differencing the series, that is converting each i'th element of the series into its difference from the (i-k)"th element. New time series is generated for all seasonal models in synchronization with the original time line & evaluated using ANN and GP. The statistical analysis and comparison of GP and ANN models has been done. We have proposed a promising approach of use of GP coupled with SA for real time prediction of seasonal multicity AQI.