Electricity is indispensable and of strategic importance to national economies. Consequently, electric utilities make an effort to balance power generation and demand in order to offer a
In the burgeoning field of sustainable energy, this research introduces a novel approach to accurate medium- and long-term load forecasting in large-scale power systems, a critical component for optimizing energy
Therefore, studies on accurate forecasting power generation and load demand are worthwhile in order to solve unit commitment and schedule the operation of energy storage
microgrids where a large variety of data should be included in the energy . a short-term load forecasting method for microgrid based on kernel function extreme learning
The load forecasting results will affect the operating strategy of the microgrid. Due to the strong randomness of the load and the large fluctuations of the load, it is much more
In this regard, a large variety of short term load forecasting models have been proposed in literature spaning from legacy time series models to contemporary data analytic models.
The long-term load forecasting (LTLF) plays an important role in multiple areas of power distribution system including demand side management and system planning. The LTLF
Accurate forecasting of load and renewable energy is crucial for microgrid energy management, as it enables operators to optimize energy generation and consumption, reduce costs, and enhance energy efficiency. Load forecasting and renewable energy forecasting are therefore key components of microgrid energy management [, , , ].
An accurate method with acceptable training time using load and meteorological data. Load forecasting in power microgrids and load management systems is still a challenge and needs an accurate method. Although in recent years, short-term load forecasting is done by statistical or learning algorithms.
These essential methods have been widely applied in system-level load forecasting applications and achieved accurate prediction results. Nevertheless, the microgrid load is more difficult to forecast than a regional system due to the high randomness and lower similarities in its historical load curves .
By contrast, a stochastic model for microgrid load forecasting is proposed in , but the load features are not taken into account in the constructed model. Therefore, due to its smaller capacity, higher volatility, and higher randomness, the microgrid load is more challenging to forecast than in a large power grid.
According to Table 5, the studies reveal that ML techniques hold the potential to improve load demand forecasting accuracy in microgrids by addressing uncertainties and energy consumption patterns. ML techniques combine different algorithms to create more robust and adaptable load demand prediction models.
By enhancing power generation forecasting, microgrids can achieve a greater degree of autonomy, enabling more resilient energy infrastructure. The reduction in reliance on external power sources contributes to energy security and reduces carbon emissions.
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