Power load demand forecasting
Palaninathan, Aruna Charukesi
Date of Issue2016-05-25
School of Electrical and Electronic Engineering
Electricity load demand is the fundamental building block for all utilities planning. In recent years, due to new developments, electricity generation are deregulated and decentralized causing high fluctuations in the power load. The basis of this project is to inspect different state-of-art forecasting methods and to determine their suitability and efficiency in providing precise forecasts. The first phase of the project was focused on the theory and concepts of the various forecasting methods available. In the subsequent phases, models for short-term load demand forecasting was programmed. In this research, 12 models were constructed based on 7 different techniques. The techniques are: neural network, random forest, support vector regression, autoregressive integrated moving average, empirical mode decomposition, ensemble empirical mode decomposition and lastly complete ensemble empirical mode decomposition with adaptive noise. Once the models were built, they were estimated and forecasted for four different time period intervals. Then, performance measures were applied to the forecast and actual value to study the efficiency and accuracy of the model. The results of the models and the creation process of the models were clearly illustrated in the next few sections of this report.
Final Year Project (FYP)
Nanyang Technological University