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A New Hybrid Approach for Short-Term Electric Load Forecasting Applying Support Vector Machine with Ensemble Empirical Mode Decomposition and Whale Optimization

Author

Listed:
  • Tongxiang Liu

    (Faculty of Professions, University of Adelaide, Adelaide 5000, Australia)

  • Yu Jin

    (School of Statistics, Dongbei University of Finance and Economics, Dalian 116025, China)

  • Yuyang Gao

    (School of Statistics, Dongbei University of Finance and Economics, Dalian 116025, China)

Abstract

Electrical power system forecasting has been a main focus for researchers who want to improve the effectiveness of a power station. Although some traditional models have been proved suitable for short-term electric load forecasting, its nature of ignoring the significance of parameter optimization and data preprocessing usually results in low forecasting accuracy. This paper proposes a short-term hybrid forecasting approach which consists of the three following modules: Data preprocessing, parameter optimization algorithm, and forecasting. This hybrid model overcomes the disadvantages of the conventional model and achieves high forecasting performance. To verify the forecasting effectiveness of the hybrid method, 30-minutes of electric load data from power stations in New South Wales and Queensland are used for conducting experiments. A comprehensive evaluation, including a Diebold-Mariano (DM) test and forecasting effectiveness, is applied to verify the ability of the hybrid approach. Experimental results indicated that the new hybrid method can perform accurate electric load forecasting, which can be regarded as a powerful assist in managing smart grids.

Suggested Citation

  • Tongxiang Liu & Yu Jin & Yuyang Gao, 2019. "A New Hybrid Approach for Short-Term Electric Load Forecasting Applying Support Vector Machine with Ensemble Empirical Mode Decomposition and Whale Optimization," Energies, MDPI, vol. 12(8), pages 1-20, April.
    • Handle: RePEc:gam:jeners:v:12:y:2019:i:8:p:1520-:d:225002
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    References listed on IDEAS

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    Citations

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    Cited by:

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    2. Umme Mumtahina & Sanath Alahakoon & Peter Wolfs, 2024. "Hyperparameter Tuning of Load-Forecasting Models Using Metaheuristic Optimization Algorithms—A Systematic Review," Mathematics, MDPI, vol. 12(21), pages 1-51, October.
    3. Niu, Dongxiao & Ji, Zhengsen & Li, Wanying & Xu, Xiaomin & Liu, Da, 2021. "Research and application of a hybrid model for mid-term power demand forecasting based on secondary decomposition and interval optimization," Energy, Elsevier, vol. 234(C).
    4. Tadeusz A. Grzeszczyk & Michal K. Grzeszczyk, 2022. "Justifying Short-Term Load Forecasts Obtained with the Use of Neural Models," Energies, MDPI, vol. 15(5), pages 1-20, March.
    5. Bin Li & Mingzhen Lu & Yiyi Zhang & Jia Huang, 2019. "A Weekend Load Forecasting Model Based on Semi-Parametric Regression Analysis Considering Weather and Load Interaction," Energies, MDPI, vol. 12(20), pages 1-19, October.
    6. Taorong Jia & Lixiao Yao & Guoqing Yang & Qi He, 2022. "A Short-Term Power Load Forecasting Method of Based on the CEEMDAN-MVO-GRU," Sustainability, MDPI, vol. 14(24), pages 1-18, December.
    7. Kailai Ni & Jianzhou Wang & Guangyu Tang & Danxiang Wei, 2019. "Research and Application of a Novel Hybrid Model Based on a Deep Neural Network for Electricity Load Forecasting: A Case Study in Australia," Energies, MDPI, vol. 12(13), pages 1-30, June.
    8. Vadim Manusov & Pavel Matrenin & Muso Nazarov & Svetlana Beryozkina & Murodbek Safaraliev & Inga Zicmane & Anvari Ghulomzoda, 2023. "Short-Term Prediction of the Wind Speed Based on a Learning Process Control Algorithm in Isolated Power Systems," Sustainability, MDPI, vol. 15(2), pages 1-12, January.

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