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© 2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.

Abstract

Short-term electric load forecasting plays a significant role in the safe and stable operation of the power system and power market transactions. In recent years, with the development of new energy sources, more and more sources have been integrated into the grid. This has posed a serious challenge to short-term electric load forecasting. Focusing on load series with non-linear and time-varying characteristics, an approach to short-term electric load forecasting using a “decomposition and ensemble” framework is proposed in this paper. The method is verified using hourly load data from Oslo and the surrounding areas of Norway. First, the load series is decomposed into five components by variational mode decomposition (VMD). Second, a support vector regression (SVR) forecasting model is established for the five components to predict the electric load components, and the grey wolf optimization (GWO) algorithm is used to optimize the cost and gamma parameters of SVR. Finally, the predicted values of the five components are superimposed to obtain the final electric load forecasting results. In this paper, the proposed method is compared with GWO-SVR without modal decomposition and using empirical mode decomposition (EMD) to test the impact of VMD on prediction. This paper also compares the proposed method with the SVR model using VMD and other optimization algorithms. The four evaluation indexes of the proposed method are optimal: MAE is 71.65 MW, MAPE is 1.41%, MSE is 10,461.32, and R2 is 0.9834. This indicates that the proposed method has a good application prospect for short-term electric load forecasting.

Details

Title
Short-Term Electric Load Forecasting Based on Variational Mode Decomposition and Grey Wolf Optimization
Author
Zhou, Mengran; Hu, Tianyu; Bian, Kai  VIAFID ORCID Logo  ; Lai, Wenhao  VIAFID ORCID Logo  ; Hu, Feng  VIAFID ORCID Logo  ; Hamrani, Oumaima; Zhu, Ziwei
First page
4890
Publication year
2021
Publication date
2021
Publisher
MDPI AG
e-ISSN
19961073
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2565221674
Copyright
© 2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.