• The Transactions of the Korean Institute of Electrical Engineers A
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• v.55 no.2
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• pp.85-93
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• 2006

Since the SMP(System Marginal Price) is a vital factor to the market participants who intend to maximize the their profit and to the ISO(Independent System Operator) who wish to operate the electricity market in a stable sense, the short-term marginal price forecasting should be performed correctly. In an electricity market the short-term market price affects considerably the short-term trading between the market entities. Therefore, the exact forecasting of SMP can influence on the profit of market participants. This paper presents a new methodology for a day-ahead SMP forecasting using ARIMA(Autoregressive Integrated Moving Average) model based on the time-series method. And also the correction algorithm is proposed to minimize the forecasting error in order to improve the efficiency and accuracy of the SMP forecasting. To show the efficiency and effectiveness of the proposed method, the case studies are performed using historical data of SMP in 2004 published by KPX(Korea Power Exchange).

• The Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.12
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• pp.2215-2220
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• 2011

The accurate short-term load forecasting is essential for the efficient power system operation and the system marginal price decision of the electricity market. So far, errors of load forecasting for Chuseok Holiday are very big compared with forecasting errors for the other special days. In order to improve the accuracy of load forecasting for Chuseok Holiday, selection of input data, the daily normalized load patterns and load forecasting model are investigated. The efficient data selection and daily normalized load pattern based on fuzzy linear regression model is proposed. The proposed load forecasting method for Chuseok Holiday is tested in recent 5 years from 2006 to 2010, and improved the accuracy of the load forecasting compared with the former research.

• Proceedings of the KIEE Conference
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• 1999.11b
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• pp.239-241
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• 1999

This paper proposes a novel wavelet transform and Kohonen neural network based technique for short-time load forecasting of power systems. Firstly. Kohonen Self-organizing map(KSOM) is applied to classify the loads and then the Daubechies D2, D4 and D10 wavelet transforms are adopted in order to forecast the short-term loads. The wavelet coefficients associated with certain frequency and time localisation are adjusted using the conventional multiple regression method and then reconstructed in order to forecast the final loads through a four-scale synthesis technique. The outcome of the study clearly indicates that the proposed composite model of Kohonen neural network and wavelet transform approach can be used as an attractive and effective means for short-term load forecasting.

• Journal of Korea Water Resources Association
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• v.48 no.5
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• pp.409-423
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• 2015

In this study the very short-term rainfall forecasting and storm water forecasting using the weather radar data were implemented in an urban stream basin. As forecasting time increasing, the very short-term rainfall forecasting results show that the correlation coefficient was decreased and the root mean square error was increased and then the forecasting model accuracy was decreased. However, as a result of the correlation coefficient up to 60-minute forecasting time is maintained 0.5 or higher was obtained. As a result of storm water forecasting in an urban area, the reduction in peak flow and outflow volume with increasing forecasting time occurs, the peak time was analyzed that relatively matched. In the application of storm water forecasting by radar rainfall forecast, the errors has occurred that we determined some of the external factors. In the future, we believed to be necessary to perform that the continuous algorithm improvement such as simulation of rapid generation and disappearance phenomenon by precipitation echo, the improvement of extreme rainfall forecasting in urban areas, and the rainfall-runoff model parameter optimizations. The results of this study, not only urban stream basin, but also we obtained the observed data, and expand the real-time flood alarm system over the ungaged basins. In addition, it is possible to take advantage of development of as multi-sensor based very short-term rainfall forecasting technology.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.27 no.6
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• pp.17-22
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• 2013

Fuzzy linear regression method has been used for short-term load forecasting of the special day in the previous researches. However, considerable load forecasting errors would be occurring if a special day is located on Saturday or Monday. In this paper, a new load forecasting method for the consecutive holidays is proposed with the consideration of the power demand variation rate. In the proposed method, a exponential smoothing model reflecting temperature is used to short-term load forecasting for Sunday during the consecutive holidays and then the loads of the special day during the consecutive holidays is calculated using the hourly power demand variation rate between the previous similar consecutive holidays. The proposed method is tested with 10 cases of the consecutive holidays from 2009 to 2012. Test results show that the average accuracy of the proposed method is improved about 2.96% by comparison with the fuzzy linear regression method.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.54 no.10
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• pp.467-474
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• 2005

This paper presents a systematic method to compute a reliability measure for a short term electrical load forecasting system using neuro-fuzzy models. It has been realized that the reliability computation is essential for a load forecasting system to be applied practically. The proposed method employs a local reliability measure in order to exploit the local representation characteristic of the neuro-fuzzy models. It, hence, estimates the reliability of each fuzzy rule learned. The design procedure of the proposed short term load forecasting system is as follows: (1) construct initial structures of neuro-fuzzy models, (2) store them in the initial structure bank, (3) train the neuro-fuzzy model using an appropriate initial structure, and (4) compute load prediction and its reliability. 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 1996 and 1997 at KEPCO. Simulation results suggest that the proposed scheme extends the applicability of the load forecasting system with the reliably computed reliability measure.

• Proceedings of the KIEE Conference
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• 2001.11b
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• pp.272-274
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• 2001

This paper presents a model for short-term load forecasting using relationship of temperature and load. We made one-day ahead load forecasting model using hourly normalized load and 11 dummy variables that were classified by day characteristics such as day of the week, holiday, and special holiday.

• Journal of Industrial Technology
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• v.15
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• pp.187-193
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• 1995

In this paper, a short-term load forecasting expert system considering the load variation due to the change in temperature is presented. The change in temperature is an important load variation factor that varies the normal load pattern. The conventional load forecasting methods by artificial neural networks have used the technique where the temperature variables were included in the input neurons of artificial neural networks. However, simply adding the input units of temperature data may make the forecasting accuracy worse, since the accuracy of the load forecasting in this method depends on the accuracy of weather forecasting. In this paper, the fuzzy expert system that modifies the forecasted load using fuzzy rules representing the relations of load and temperature is presented and compared with a conventional load forecasting technique. In the test case of 1991, the proposed model provided a more accurate forecast than the conventional technique.

• Proceedings of the KIEE Conference
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• 2015.07a
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• pp.300-301
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• 2015

Accurate and robust load forecasting model plays very important role in power system operation. In case of short-term electric load forecasting, its results offer standard to decide a price of electricity and also can be used shaving peak. For this reason, various models have been developed to improve accuracy of load forecasting. This paper proposes a newly forecasting model for weather sensitive season including temperature and Cooling Degree Hour(C.D.H) data as an input. This Forecasting model consists of previous electric load and preprocessed temperature, constant, parameter. It optimizes load forecasting model to fit actual load by PSO and results are compared to Holt-Winters and Artificial Neural Network. Proposing method shows better performance than comparison groups.

• Proceedings of the KIEE Conference
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• 2005.07a
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• pp.819-821
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• 2005

Since the System Marginal Price (SMP) is a vital factor to the market entities who intend to maximize the their profit, the short-term marginal price forecasting should be performed correctly. In a electricity market, the short-term trading between the market entities can be generally affected a short-term market price. Therefore, the exact forecasting of SMP can influence on the profit of market participants. This paper presents a methodology of day-ahead SMP foretasting using Autoregressive Integrated Moving Average (ARIMA). To show the efficiency and effectiveness of the proposed method, the numerical studies have been performed using historical data of SMP in 2004.