Short-Term Load Forecast in Power Systems: A Comparison of Different Practical Algorithms

Atanasovski, Metodija and Kostov, Mitko and Veljanovski, Goran and Popovski, Pande (2022) Short-Term Load Forecast in Power Systems: A Comparison of Different Practical Algorithms. In: 18th European Energy Market Conference, 13-15 September 2022, Ljubljana, Slovenia.

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Electricity demand forecasting has significant impact on planning and operation of a power system. Parameters that affect short and long-term load forecasting are the temperature, calendar day, geographical variations, gross national product, socio-demographic trends, energy efficiency etc. The weather conditions seriously affect load demand on short term. This paper focuses on a comparison of different practical methodologies for short-term load forecast and their application and implementation on real load demand and temperature data for Republic of North Macedonia. The paper provides detailed comparison of several practical algorithms for short-term load forecast: polynomial and sinuses regression, machine learning and artificial neural networks. The power load is considered from the aspect of two variables – temperature and calendar date. A case study is presented and results are discussed and analysed. Finally, conclusion and recommendations are presented.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Engineering and Technology > Electrical engineering, electronic engineering,information engineering
Scientific Fields (Frascati) > Engineering and Technology > Other engineering and technologies
Divisions: Faculty of Technical Sciences
Depositing User: Prof Mitko Kostov
Date Deposited: 27 Nov 2022 21:30
Last Modified: 27 Nov 2022 21:30

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