Daily Peak Load Prediction Method Based on XGBoost and MLR

During the peak load period, there is a high level of imbalance between power supply and demand, which has become a critical challenge, leading to higher operational costs for power grids. To improve the accuracy of peak load forecasting, this study introduces a novel approach based on Extreme Gradient Boosting Trees (XGBoost) and Multiple Linear Regression (MLR) for daily peak load prediction. The proposed methodology first employs an improved version of the Complete Ensemble Empirical Mode Decomposition with Adaptive Noise (ICEEMDAN) algorithm to decompose the raw load data, subsequently reconstructing each Intrinsic Mode Function (IMF) into high-frequency and stationary components. For the high-frequency components, XGBoost serves as the base predictor within a Bagging-based ensemble structure, while the Sparrow Search Algorithm (SSA) is employed to optimize hyperparameters automatically, ensuring efficient learning and accurate representation of complex peak load fluctuations. Meanwhile, the stationary components are modeled using MLR to provide fast and reliable estimations. The proposed framework was evaluated using actual daily peak load data from Western Inner Mongolia, China. The results indicate that the proposed method successfully captures the peak characteristics of the power grid, delivering both robust and precise predictions. When compared to the baseline model, the RMSE and MAPE are reduced by 54.4% and 87.3%, respectively, underscoring its significant potential for practical applications in power system operation and planning.