IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v13y2020i3p532-d311787.html
   My bibliography  Save this article

Multi-Objective Particle Swarm Optimization Algorithm for Multi-Step Electric Load Forecasting

Author

Listed:
  • Yi Yang

    (School of Information Science and Engineering, Lanzhou University, Lanzhou 730000, China)

  • Zhihao Shang

    (Department of Mathematics and Computer Science, Free University of Berlin, 14195 Berlin, Germany)

  • Yao Chen

    (School of Information Science and Engineering, Lanzhou University, Lanzhou 730000, China)

  • Yanhua Chen

    (School of Information Engineering, Zhengzhou University, Zhengzhou 450000, China)

Abstract

As energy saving becomes more and more popular, electric load forecasting has played a more and more crucial role in power management systems in the last few years. Because of the real-time characteristic of electricity and the uncertainty change of an electric load, realizing the accuracy and stability of electric load forecasting is a challenging task. Many predecessors have obtained the expected forecasting results by various methods. Considering the stability of time series prediction, a novel combined electric load forecasting, which based on extreme learning machine (ELM), recurrent neural network (RNN), and support vector machines (SVMs), was proposed. The combined model first uses three neural networks to forecast the electric load data separately considering that the single model has inevitable disadvantages, the combined model applies the multi-objective particle swarm optimization algorithm (MOPSO) to optimize the parameters. In order to verify the capacity of the proposed combined model, 1-step, 2-step, and 3-step are used to forecast the electric load data of three Australian states, including New South Wales, Queensland, and Victoria. The experimental results intuitively indicate that for these three datasets, the combined model outperforms all three individual models used for comparison, which demonstrates its superior capability in terms of accuracy and stability.

Suggested Citation

  • Yi Yang & Zhihao Shang & Yao Chen & Yanhua Chen, 2020. "Multi-Objective Particle Swarm Optimization Algorithm for Multi-Step Electric Load Forecasting," Energies, MDPI, vol. 13(3), pages 1-19, January.
    • Handle: RePEc:gam:jeners:v:13:y:2020:i:3:p:532-:d:311787
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/13/3/532/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/13/3/532/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Shi, Jing & Guo, Jinmei & Zheng, Songtao, 2012. "Evaluation of hybrid forecasting approaches for wind speed and power generation time series," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 3471-3480.
    2. Shailendra Singh & Abdulsalam Yassine, 2018. "Big Data Mining of Energy Time Series for Behavioral Analytics and Energy Consumption Forecasting," Energies, MDPI, vol. 11(2), pages 1-26, February.
    3. AL-Musaylh, Mohanad S. & Deo, Ravinesh C. & Li, Yan & Adamowski, Jan F., 2018. "Two-phase particle swarm optimized-support vector regression hybrid model integrated with improved empirical mode decomposition with adaptive noise for multiple-horizon electricity demand forecasting," Applied Energy, Elsevier, vol. 217(C), pages 422-439.
    4. Meng, Ming & Wang, Lixue & Shang, Wei, 2018. "Decomposition and forecasting analysis of China's household electricity consumption using three-dimensional decomposition and hybrid trend extrapolation models," Energy, Elsevier, vol. 165(PA), pages 143-152.
    5. Yechi Zhang & Jianzhou Wang & Haiyan Lu, 2019. "Research and Application of a Novel Combined Model Based on Multiobjective Optimization for Multistep-Ahead Electric Load Forecasting," Energies, MDPI, vol. 12(10), pages 1-27, May.
    6. Bento, P.M.R. & Pombo, J.A.N. & Calado, M.R.A. & Mariano, S.J.P.S., 2018. "A bat optimized neural network and wavelet transform approach for short-term price forecasting," Applied Energy, Elsevier, vol. 210(C), pages 88-97.
    7. 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.
    8. Yeqi An & Yulin Zhou & Rongrong Li, 2019. "Forecasting India’s Electricity Demand Using a Range of Probabilistic Methods," Energies, MDPI, vol. 12(13), pages 1-24, July.
    9. Chengshi Tian & Yan Hao, 2018. "A Novel Nonlinear Combined Forecasting System for Short-Term Load Forecasting," Energies, MDPI, vol. 11(4), pages 1-34, March.
    10. Xiao, Liye & Wang, Jianzhou & Hou, Ru & Wu, Jie, 2015. "A combined model based on data pre-analysis and weight coefficients optimization for electrical load forecasting," Energy, Elsevier, vol. 82(C), pages 524-549.
    11. Bedi, Jatin & Toshniwal, Durga, 2019. "Deep learning framework to forecast electricity demand," Applied Energy, Elsevier, vol. 238(C), pages 1312-1326.
    12. Ismail Shah & Hasnain Iftikhar & Sajid Ali & Depeng Wang, 2019. "Short-Term Electricity Demand Forecasting Using Components Estimation Technique," Energies, MDPI, vol. 12(13), pages 1-17, July.
    13. Peng Liu & Peijun Zheng & Ziyu Chen, 2019. "Deep Learning with Stacked Denoising Auto-Encoder for Short-Term Electric Load Forecasting," Energies, MDPI, vol. 12(12), pages 1-15, June.
    14. Zhang, Jinliang & Wei, Yi-Ming & Li, Dezhi & Tan, Zhongfu & Zhou, Jianhua, 2018. "Short term electricity load forecasting using a hybrid model," Energy, Elsevier, vol. 158(C), pages 774-781.
    15. Foley, Aoife M. & Leahy, Paul G. & Marvuglia, Antonino & McKeogh, Eamon J., 2012. "Current methods and advances in forecasting of wind power generation," Renewable Energy, Elsevier, vol. 37(1), pages 1-8.
    16. Wang, Jianzhou & Zhu, Suling & Zhang, Wenyu & Lu, Haiyan, 2010. "Combined modeling for electric load forecasting with adaptive particle swarm optimization," Energy, Elsevier, vol. 35(4), pages 1671-1678.
    17. Óscar Trull & J. Carlos García-Díaz & Alicia Troncoso, 2019. "Application of Discrete-Interval Moving Seasonalities to Spanish Electricity Demand Forecasting during Easter," Energies, MDPI, vol. 12(6), pages 1-16, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ying Yang & Weige Zhang & Shaoyuan Wei & Zhenpo Wang, 2020. "Optimal Sizing of On-Board Energy Storage Systems and Stationary Charging Infrastructures for a Catenary-Free Tram," Energies, MDPI, vol. 13(23), pages 1-21, November.
    2. Adriano Ceschia & Toufik Azib & Olivier Bethoux & Francisco Alves, 2022. "Multi-Criteria Optimal Design for FUEL Cell Hybrid Power Sources," Energies, MDPI, vol. 15(9), pages 1-18, May.
    3. Zaki Masood & Rahma Gantassi & Ardiansyah & Yonghoon Choi, 2022. "A Multi-Step Time-Series Clustering-Based Seq2Seq LSTM Learning for a Single Household Electricity Load Forecasting," Energies, MDPI, vol. 15(7), pages 1-11, April.
    4. Alireza Falahiazar & Arash Sharifi & Vahid Seydi, 2022. "An efficient spread-based evolutionary algorithm for solving dynamic multi-objective optimization problems," Journal of Combinatorial Optimization, Springer, vol. 44(1), pages 794-849, August.
    5. Changrui Deng & Xiaoyuan Zhang & Yanmei Huang & Yukun Bao, 2021. "Equipping Seasonal Exponential Smoothing Models with Particle Swarm Optimization Algorithm for Electricity Consumption Forecasting," Energies, MDPI, vol. 14(13), pages 1-14, July.
    6. Mohamed Massaoudi & Shady S. Refaat & Haitham Abu-Rub & Ines Chihi & Fakhreddine S. Oueslati, 2020. "PLS-CNN-BiLSTM: An End-to-End Algorithm-Based Savitzky–Golay Smoothing and Evolution Strategy for Load Forecasting," Energies, MDPI, vol. 13(20), pages 1-29, October.
    7. Jiarong Shi & Zhiteng Wang, 2022. "A Hybrid Forecast Model for Household Electric Power by Fusing Landmark-Based Spectral Clustering and Deep Learning," Sustainability, MDPI, vol. 14(15), pages 1-21, July.
    8. Adriano Ceschia & Toufik Azib & Olivier Bethoux & Francisco Alves, 2020. "Optimal Sizing of Fuel Cell Hybrid Power Sources with Reliability Consideration," Energies, MDPI, vol. 13(13), pages 1-18, July.
    9. George Kandilogiannakis & Paris Mastorocostas & Athanasios Voulodimos & Constantinos Hilas, 2023. "Short-Term Load Forecasting of the Greek Power System Using a Dynamic Block-Diagonal Fuzzy Neural Network," Energies, MDPI, vol. 16(10), pages 1-20, May.
    10. Jie Wu & Lizhong Bie & Nan Jin & Leilei Guo & Jitao Zhang & Jiagui Tao & Václav Snášel, 2020. "Dual-Frequency Output of Wireless Power Transfer System with Single Inverter Using Improved Differential Evolution Algorithm," Energies, MDPI, vol. 13(9), pages 1-15, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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).
    2. 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.
    3. 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.
    4. Zhang, Jinliang & Siya, Wang & Zhongfu, Tan & Anli, Sun, 2023. "An improved hybrid model for short term power load prediction," Energy, Elsevier, vol. 268(C).
    5. Wang, Jianzhou & Xing, Qianyi & Zeng, Bo & Zhao, Weigang, 2022. "An ensemble forecasting system for short-term power load based on multi-objective optimizer and fuzzy granulation," Applied Energy, Elsevier, vol. 327(C).
    6. Chaturvedi, Shobhit & Rajasekar, Elangovan & Natarajan, Sukumar & McCullen, Nick, 2022. "A comparative assessment of SARIMA, LSTM RNN and Fb Prophet models to forecast total and peak monthly energy demand for India," Energy Policy, Elsevier, vol. 168(C).
    7. Zhang, Guoqiang & Guo, Jifeng, 2020. "A novel ensemble method for hourly residential electricity consumption forecasting by imaging time series," Energy, Elsevier, vol. 203(C).
    8. Xiao, Liye & Shao, Wei & Liang, Tulu & Wang, Chen, 2016. "A combined model based on multiple seasonal patterns and modified firefly algorithm for electrical load forecasting," Applied Energy, Elsevier, vol. 167(C), pages 135-153.
    9. Yang, Mao & Wang, Da & Xu, Chuanyu & Dai, Bozhi & Ma, Miaomiao & Su, Xin, 2023. "Power transfer characteristics in fluctuation partition algorithm for wind speed and its application to wind power forecasting," Renewable Energy, Elsevier, vol. 211(C), pages 582-594.
    10. Saima Akhtar & Sulman Shahzad & Asad Zaheer & Hafiz Sami Ullah & Heybet Kilic & Radomir Gono & Michał Jasiński & Zbigniew Leonowicz, 2023. "Short-Term Load Forecasting Models: A Review of Challenges, Progress, and the Road Ahead," Energies, MDPI, vol. 16(10), pages 1-29, May.
    11. Omar Jouma El-Hafez & Tarek Y. ElMekkawy & Mohamed Kharbeche & Ahmed Massoud, 2022. "Impact of COVID-19 Pandemic on Qatar Electricity Demand and Load Forecasting: Preparedness of Distribution Networks for Emerging Situations," Sustainability, MDPI, vol. 14(15), pages 1-13, July.
    12. Trull, Oscar & García-Díaz, J. Carlos & Troncoso, Alicia, 2021. "One-day-ahead electricity demand forecasting in holidays using discrete-interval moving seasonalities," Energy, Elsevier, vol. 231(C).
    13. Hu, Yusha & Li, Jigeng & Hong, Mengna & Ren, Jingzheng & Lin, Ruojue & Liu, Yue & Liu, Mengru & Man, Yi, 2019. "Short term electric load forecasting model and its verification for process industrial enterprises based on hybrid GA-PSO-BPNN algorithm—A case study of papermaking process," Energy, Elsevier, vol. 170(C), pages 1215-1227.
    14. Ping Jiang & Zeng Wang & Kequan Zhang & Wendong Yang, 2017. "An Innovative Hybrid Model Based on Data Pre-Processing and Modified Optimization Algorithm and Its Application in Wind Speed Forecasting," Energies, MDPI, vol. 10(7), pages 1-29, July.
    15. Talaat, M. & Farahat, M.A. & Mansour, Noura & Hatata, A.Y., 2020. "Load forecasting based on grasshopper optimization and a multilayer feed-forward neural network using regressive approach," Energy, Elsevier, vol. 196(C).
    16. Stanislaw Osowski & Robert Szmurlo & Krzysztof Siwek & Tomasz Ciechulski, 2022. "Neural Approaches to Short-Time Load Forecasting in Power Systems—A Comparative Study," Energies, MDPI, vol. 15(9), pages 1-21, April.
    17. Akbal, Yıldırım & Ünlü, Kamil Demirberk, 2022. "A univariate time series methodology based on sequence-to-sequence learning for short to midterm wind power production," Renewable Energy, Elsevier, vol. 200(C), pages 832-844.
    18. 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.
    19. Xiao, Liye & Shao, Wei & Yu, Mengxia & Ma, Jing & Jin, Congjun, 2017. "Research and application of a combined model based on multi-objective optimization for electrical load forecasting," Energy, Elsevier, vol. 119(C), pages 1057-1074.
    20. Li, Wei-Qin & Chang, Li, 2018. "A combination model with variable weight optimization for short-term electrical load forecasting," Energy, Elsevier, vol. 164(C), pages 575-593.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:13:y:2020:i:3:p:532-:d:311787. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.