Multi-Step Ahead Short-Term Electricity Load Forecasting Using VMD-TCN and Error Correction Strategy
The electricity load forecasting plays a pivotal role in the operation of power utility companies precise forecasting and is crucial to mitigate the challenges of supply and demand in the smart grid. More recently, the hybrid models combining signal decomposition and artificial neural networks have...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-07-01
|
| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/15/15/5375 |
| _version_ | 1827602923783192576 |
|---|---|
| author | Fangze Zhou Hui Zhou Zhaoyan Li Kai Zhao |
| author_facet | Fangze Zhou Hui Zhou Zhaoyan Li Kai Zhao |
| author_sort | Fangze Zhou |
| collection | DOAJ |
| description | The electricity load forecasting plays a pivotal role in the operation of power utility companies precise forecasting and is crucial to mitigate the challenges of supply and demand in the smart grid. More recently, the hybrid models combining signal decomposition and artificial neural networks have received popularity due to their applicability to reduce the difficulty of prediction. However, the commonly used decomposition algorithms and recurrent neural network-based models still confront some dilemmas such as boundary effects, time consumption, etc. Therefore, a hybrid prediction model combining variational mode decomposition (VMD), a temporal convolutional network (TCN), and an error correction strategy is proposed. To address the difficulty in determining the decomposition number and penalty factor for VMD decomposition, the idea of weighted permutation entropy is introduced. The decomposition hyperparameters are optimized by using a comprehensive indicator that takes account of the complexity and amplitude of the subsequences. Besides, a temporal convolutional network is adopted to carry out feature extraction and load prediction for each subsequence, with the primary forecasting results obtained by combining the prediction of each TCN model. In order to further improve the accuracy of prediction for the model, an error correction strategy is applied according to the prediction error of the train set. The Global Energy Competition 2014 dataset is employed to demonstrate the effectiveness and practicality of the proposed hybrid model. The experimental results show that the prediction performance of the proposed hybrid model outperforms the contrast models. The accuracy achieves 0.274%, 0.326%, and 0.405 for 6-steps, 12-steps, and 24 steps ahead forecasting, respectively, in terms of the mean absolute percentage error. |
| first_indexed | 2024-03-09T05:28:27Z |
| format | Article |
| id | doaj.art-8539b17d5ce44515b90c456d510b9912 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-09T05:28:27Z |
| publishDate | 2022-07-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-8539b17d5ce44515b90c456d510b99122023-12-03T12:34:41ZengMDPI AGEnergies1996-10732022-07-011515537510.3390/en15155375Multi-Step Ahead Short-Term Electricity Load Forecasting Using VMD-TCN and Error Correction StrategyFangze Zhou0Hui Zhou1Zhaoyan Li2Kai Zhao3School of Electrical Engineering, Beijing Jiaotong University, Beijing 100044, ChinaSchool of Electrical Engineering, Beijing Jiaotong University, Beijing 100044, ChinaSchool of Electrical Engineering, Beijing Jiaotong University, Beijing 100044, ChinaSchool of Electrical Engineering, Beijing Jiaotong University, Beijing 100044, ChinaThe electricity load forecasting plays a pivotal role in the operation of power utility companies precise forecasting and is crucial to mitigate the challenges of supply and demand in the smart grid. More recently, the hybrid models combining signal decomposition and artificial neural networks have received popularity due to their applicability to reduce the difficulty of prediction. However, the commonly used decomposition algorithms and recurrent neural network-based models still confront some dilemmas such as boundary effects, time consumption, etc. Therefore, a hybrid prediction model combining variational mode decomposition (VMD), a temporal convolutional network (TCN), and an error correction strategy is proposed. To address the difficulty in determining the decomposition number and penalty factor for VMD decomposition, the idea of weighted permutation entropy is introduced. The decomposition hyperparameters are optimized by using a comprehensive indicator that takes account of the complexity and amplitude of the subsequences. Besides, a temporal convolutional network is adopted to carry out feature extraction and load prediction for each subsequence, with the primary forecasting results obtained by combining the prediction of each TCN model. In order to further improve the accuracy of prediction for the model, an error correction strategy is applied according to the prediction error of the train set. The Global Energy Competition 2014 dataset is employed to demonstrate the effectiveness and practicality of the proposed hybrid model. The experimental results show that the prediction performance of the proposed hybrid model outperforms the contrast models. The accuracy achieves 0.274%, 0.326%, and 0.405 for 6-steps, 12-steps, and 24 steps ahead forecasting, respectively, in terms of the mean absolute percentage error.https://www.mdpi.com/1996-1073/15/15/5375short-term load forecastingvariational mode decompositionweighted permutation entropytemporal convolutional networkerror correction |
| spellingShingle | Fangze Zhou Hui Zhou Zhaoyan Li Kai Zhao Multi-Step Ahead Short-Term Electricity Load Forecasting Using VMD-TCN and Error Correction Strategy Energies short-term load forecasting variational mode decomposition weighted permutation entropy temporal convolutional network error correction |
| title | Multi-Step Ahead Short-Term Electricity Load Forecasting Using VMD-TCN and Error Correction Strategy |
| title_full | Multi-Step Ahead Short-Term Electricity Load Forecasting Using VMD-TCN and Error Correction Strategy |
| title_fullStr | Multi-Step Ahead Short-Term Electricity Load Forecasting Using VMD-TCN and Error Correction Strategy |
| title_full_unstemmed | Multi-Step Ahead Short-Term Electricity Load Forecasting Using VMD-TCN and Error Correction Strategy |
| title_short | Multi-Step Ahead Short-Term Electricity Load Forecasting Using VMD-TCN and Error Correction Strategy |
| title_sort | multi step ahead short term electricity load forecasting using vmd tcn and error correction strategy |
| topic | short-term load forecasting variational mode decomposition weighted permutation entropy temporal convolutional network error correction |
| url | https://www.mdpi.com/1996-1073/15/15/5375 |
| work_keys_str_mv | AT fangzezhou multistepaheadshorttermelectricityloadforecastingusingvmdtcnanderrorcorrectionstrategy AT huizhou multistepaheadshorttermelectricityloadforecastingusingvmdtcnanderrorcorrectionstrategy AT zhaoyanli multistepaheadshorttermelectricityloadforecastingusingvmdtcnanderrorcorrectionstrategy AT kaizhao multistepaheadshorttermelectricityloadforecastingusingvmdtcnanderrorcorrectionstrategy |