Skip to main content

Part of the book series: Lecture Notes in Electrical Engineering ((LNEE,volume 355))

  • 1196 Accesses

Abstract

Nowadays, artificial intelligence is commonly used in many fields including medicine, chemistry, and forecasting. In this paper, artificial intelligence is applied to electricity demand forecasting due to the demand for this from both providers and consumers at this time. In order to seek accurate demand forecasting methods, this article proposes a new combined electric load forecasting method (SPLSSVM), which is based on seasonal adjustment (SA) and least square support vector machine (LSSVM) optimized by the particle swarm optimization (PSO) algorithm, to forecast electricity demand. The effectiveness of SPLSSVM is tested with a dataset from New South Wales (NSW) in Australia. Experimental results demonstrate that the SPLSSVM model can offer more precise results than other methods mentioned in the literature.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 259.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 329.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 329.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

References

  1. Li DC, Chang CJ, Chen CC, Chen WC. Forecasting short-term electricity consumption using the adaptive grey-based approach: an Asian case. Omega. 2012;40(6):767–73.

    Article  Google Scholar 

  2. Hsu LC. Using improved grey forecasting models to forecast the output of opto-electronics industry. Expert Syst Appl. 2011;38(11):13879–85.

    Google Scholar 

  3. Kheirkhah A, Azadeh A, Saberi M, Azaron A, Shakouri H. Improved estimation of electricity demand function by using of artificial neural network, principal component analysis and data envelopment analysis. Comput Ind Eng. 2013;64(1):425–41.

    Article  Google Scholar 

  4. Chang PC, Fan CY, Lin JJ. Monthly electricity demand forecasting based on a weighted evolving fuzzy neural network approach. Int J Electr Power Energy Syst. 2011;33(1):17–27.

    Article  Google Scholar 

  5. Moghram IS, Rahman S. Analysis and evaluation of five short-term load forecasting techniques. IEEE Trans Power Syst. 1989;4(4):1484–91.

    Article  Google Scholar 

  6. Bates JM, Granger CW. The combination of forecasts. Oper Res Q. 1969;20(4):451–68.

    Article  Google Scholar 

  7. Dickinson JP. Some comments on the combination of forecasts. Oper Res Q. 1975;26(1):205–10.

    Article  MathSciNet  MATH  Google Scholar 

  8. Eberhart R, Kennedy J. New optimizer using particle swarm theory. In: Proceeding of the Sixth International Symposium on Micro Machine and Human Science; IEEE, Piscataway; 1995. p. 39–43.

    Google Scholar 

  9. Suykens JAK, Vandewalle J. Least squares support vector machine classifiers. Neural Process Lett. 1999;9(3):293–300.

    Article  MathSciNet  Google Scholar 

  10. Iplikci S. Dynamic reconstruction of chaotic systems from inter-spike intervals using least squares support vector machines. Physica D. 2006;216(2):282–93.

    Article  MathSciNet  MATH  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Zirong Li .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2015 Springer International Publishing Switzerland

About this paper

Cite this paper

Li, Z., Zhang, X., Li, Y., Liu, C. (2015). Day-Ahead Electricity Demand Forecasting Using a Hybrid Method. In: Wong, W. (eds) Proceedings of the 4th International Conference on Computer Engineering and Networks. Lecture Notes in Electrical Engineering, vol 355. Springer, Cham. https://doi.org/10.1007/978-3-319-11104-9_41

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-11104-9_41

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-11103-2

  • Online ISBN: 978-3-319-11104-9

  • eBook Packages: EngineeringEngineering (R0)

Publish with us

Policies and ethics