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Machine Learning-Based Load Forecasting for Nanogrid Peak Load Cost Reduction

Author

Listed:
  • Akash Kumar

    (Rochester Institute of Technology, Rochester, NY 14623, USA)

  • Bing Yan

    (Rochester Institute of Technology, Rochester, NY 14623, USA)

  • Ace Bilton

    (Rochester Institute of Technology, Rochester, NY 14623, USA)

Abstract

Increased focus on sustainability and energy decentralization has positively impacted the adoption of nanogrids. With the tremendous growth, load forecasting has become crucial for their daily operation. Since the loads of nanogrids have large variations with sudden usage of large household electrical appliances, existing forecasting models, majorly focused on lower volatile loads, may not work well. Moreover, abrupt operation of electrical appliances in a nanogrid, even for shorter durations, especially in “Peak Hours”, raises the energy cost substantially. In this paper, an ANN model with dynamic feature selection is developed to predict the hour-ahead load of nanogrids based on meteorological data and a load lag of 1 h ( t -1). In addition, by thresholding the predicted load against the average load of previous hours, peak loads, and their time indices are accurately identified. Numerical testing results show that the developed model can predict loads of nanogrids with the Mean Square Error (MSE) of 0.03 KW, the Mean Absolute Percentage Error (MAPE) of 9%, and the coefficient of variation (CV) of 11.9% and results in an average of 20% daily energy cost savings by shifting peak load to off-peak hours.

Suggested Citation

  • Akash Kumar & Bing Yan & Ace Bilton, 2022. "Machine Learning-Based Load Forecasting for Nanogrid Peak Load Cost Reduction," Energies, MDPI, vol. 15(18), pages 1-23, September.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:18:p:6721-:d:914807
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    Cited by:

    1. Fanidhar Dewangan & Almoataz Y. Abdelaziz & Monalisa Biswal, 2023. "Load Forecasting Models in Smart Grid Using Smart Meter Information: A Review," Energies, MDPI, vol. 16(3), pages 1-55, January.
    2. Manuel Jaramillo & Diego Carrión, 2022. "An Adaptive Strategy for Medium-Term Electricity Consumption Forecasting for Highly Unpredictable Scenarios: Case Study Quito, Ecuador during the Two First Years of COVID-19," Energies, MDPI, vol. 15(22), pages 1-19, November.

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