Load Forecasting Method based on Long Short-term Memory Network and Business Expansion Installation

In view of the problem that the traditional monthly load forecasting method lacks considering the internal load influencing factors, this paper puts forward the monthly load forecasting method considering the industry expansion. On the basis of the similar load development trend, the benchmark value of the planning annual forecast is determined. Then, the basic data of uncertainty and selection factors were collected, and the correlation model affecting the bias of load size factors and the percentage of load deviation was established based on the long-and short-term memory network, and then the benchmark value of monthly load prediction value was corrected. The comparison of the forecast results of considering the actual expansion, the uncorrected expansion and the industry expansion shows that the actual expansion has an important impact on the monthly load and can effectively improve the prediction accuracy.

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Publication Details

Journal
International Journal of Electric Power and Energy Studies
Published
2024-10-31
DOI
https://doi.org/10.62051/ijepes.v3n1.05
Primary Topic
Energy Load and Power Forecasting
Type
article
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article

Load Forecasting Method based on Long Short-term Memory Network and Business Expansion Installation

Lei Cui, Jing Zhao, Chaokun Guan
International Journal of Electric Power and Energy Studies
Energy Load and Power Forecasting
article

Load Forecasting Method based on Long Short-term Memory Network and Business Expansion Installation

Lei Cui, Jing Zhao, Chaokun Guan
article en

Abstract

In view of the problem that the traditional monthly load forecasting method lacks considering the internal load influencing factors, this paper puts forward the monthly load forecasting method considering the industry expansion. On the basis of the similar load development trend, the benchmark value of the planning annual forecast is determined. Then, the basic data of uncertainty and selection factors were collected, and the correlation model affecting the bias of load size factors and the percentage of load deviation was established based on the long-and short-term memory network, and then the benchmark value of monthly load prediction value was corrected. The comparison of the forecast results of considering the actual expansion, the uncorrected expansion and the industry expansion shows that the actual expansion has an important impact on the monthly load and can effectively improve the prediction accuracy.

International Journal of Electric Power and Energy StudiesVol. 3(1)
Shanghai Electric (China) (CN)
Industry, innovation and infrastructure
Openalex Percentile: Top 72%
Energy Load and Power Forecasting
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