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Mid-term electricity demand forecasting using improved variational mode decomposition and extreme learning machine optimized by sparrow search algorithm

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  • Gao, Tian
  • Niu, Dongxiao
  • Ji, Zhengsen
  • Sun, Lijie

Abstract

Mid-term electricity demand forecasting plays an important role in ensuring the operational safety of the power system and the economic efficiency of grid companies. Most studies have focused on deterministic forecasting of electricity demand, while ignoring uncertainty analysis of electricity demand. To bridge this research gap, a point-interval mid-term electricity demand forecasting model is proposed. Firstly, based on Pearson correlation coefficient, feature dimensionality reduction is carried out to filter out key features that greatly affect electricity demand, such as socio-economic factors and meteorological factors, to enhance forecasting efficiency. Secondly, improved variational mode decomposition (IVMD) optimized by sparrow search algorithm (SSA) is proposed to decompose electricity demand series into several subsequences. By combining SSA, extreme learning machine (ELM) and adaptive boosting algorithm (Adaboost), IELM-Adaboost is constructed to forecast each subsequence, and the point forecasting results are obtained by superimposing each subsequence forecasting result. Finally, electricity demand forecasting intervals will be obtained by the application of the kernel density estimation (KDE) of point forecasting error. Three Chinese provinces are applied for empirical analysis in this paper. Compared with ELM, the MAPE of the proposed model in the three datasets are reduced by 87.90%, 66.05% and 75.97% respectively, showing promising point forecasting performance. The empirical results prove that IVMD-IELM-Adaboost performs well in both point forecasting and interval forecasting.

Suggested Citation

  • Gao, Tian & Niu, Dongxiao & Ji, Zhengsen & Sun, Lijie, 2022. "Mid-term electricity demand forecasting using improved variational mode decomposition and extreme learning machine optimized by sparrow search algorithm," Energy, Elsevier, vol. 261(PB).
    • Handle: RePEc:eee:energy:v:261:y:2022:i:pb:s0360544222022125
    DOI: 10.1016/j.energy.2022.125328
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    5. Ghimire, Sujan & Nguyen-Huy, Thong & AL-Musaylh, Mohanad S. & Deo, Ravinesh C. & Casillas-Pérez, David & Salcedo-Sanz, Sancho, 2023. "A novel approach based on integration of convolutional neural networks and echo state network for daily electricity demand prediction," Energy, Elsevier, vol. 275(C).
    6. Marwa Salah EIDin Fahmy & Farhan Ahmed & Farah Durani & Štefan Bojnec & Mona Mohamed Ghareeb, 2023. "Predicting Electricity Consumption in the Kingdom of Saudi Arabia," Energies, MDPI, vol. 16(1), pages 1-20, January.
    7. Paweł Pełka, 2023. "Analysis and Forecasting of Monthly Electricity Demand Time Series Using Pattern-Based Statistical Methods," Energies, MDPI, vol. 16(2), pages 1-22, January.

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