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Research on Ultra-Short-Term Load Forecasting Based on Real-Time Electricity Price and Window-Based XGBoost Model.

Authors :
Zhao, Xin
Li, Qiushuang
Xue, Wanlei
Zhao, Yihang
Zhao, Huiru
Guo, Sen
Source :
Energies (19961073). Oct2022, Vol. 15 Issue 19, p7367. 11p.
Publication Year :
2022

Abstract

With the continuous development of new power systems, the load demand on the user side is becoming more and more diverse and random, which also brings difficulties in the accurate prediction of power load. Although the introduction of deep learning algorithms has improved the prediction accuracy to a certain extent, it also faces problems such as large data requirements and low computing efficiency. An ultra-short-term load forecasting method based on the windowed XGBoost model is proposed, which not only reduces the complexity of the model, but also helps the model to capture the autocorrelation effect of the forecast object. At the same time, the real-time electricity price is introduced into the model to improve its forecast accuracy. By simulating the load data of Singapore's electricity market, it is proved that the proposed model has fewer errors than other deep learning algorithms, and the introduction of the real-time electricity price helps to improve the prediction accuracy of the model. Furthermore, the broad applicability of the proposed method is verified by a sensitivity analysis on data with different sample sizes. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
19961073
Volume :
15
Issue :
19
Database :
Academic Search Index
Journal :
Energies (19961073)
Publication Type :
Academic Journal
Accession number :
159669340
Full Text :
https://doi.org/10.3390/en15197367