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Power system planning in numerous electric utilities merely relies on the conventional statistical methodologies, such as ARIMA for short-term electrical load forecasting, which is incapable of determining the non-linearities induced by the non-linear seasonal data, which affect the electrical load. This research work presents a comprehensive overview of modern linear and non-linear parametric modeling techniques for short-term electrical load forecasting to ensure stable and reliable power system operations by mitigating non-linearities in electrical load data. Based on the findings of exploratory data analysis, the temporal and climatic factors are identified as the potential input features in these modeling techniques. The real-time electrical load and meteorological data of the city of Lahore in Pakistan are considered to analyze the reliability of different state-of-the-art linear and non-linear parametric methodologies. Based on performance indices, such as Root Mean Square Error (RMSE), Mean Absolute Percentage Error (MAPE) and Mean Absolute Error (MAE), the qualitative and quantitative comparisons have been conferred among these scientific rationales. The experimental results reveal that the ANN–LM with a single hidden layer performs relatively better in terms of performance indices compared to OE, ARX, ARMAX, SVM, ANN–PSO, KNN, ANN–LM with two hidden layers and bootstrap aggregation models.

Deployment of efficient and cost-effective parking lots is a known bottleneck for the electric vehicles (EVs) sector. A comprehensive solution incorporating the requirements of all key stakeholders is required. Taking up the challenge, we propose a real-time EV smart parking lot model to attain the following objectives: (a) maximize the smart parking lot revenue by accommodating maximum number of EVs and (b) minimize the cost of power consumption by participating in a demand response (DR) program offered by the utility since it is a tool to answer and handle the electric power usage requirements for charging the EV in the smart parking lot. With a view to achieving these objectives, a linear programming-based binary/cyclic (0/1) optimization technique is developed for the EV charge scheduling process. It is difficult to solve the problems of binary optimization in real-time given that the complexity of the problem increases with the increase in number of EV. We deploy a simplified convex relaxation technique integrated with the linear programming solution to overcome this problem. The algorithm achieves: minimum power consumption cost of the EV smart parking lot; efficient utilization of available power; maximization of the number of the EV to be charged; and minimum impact on the EV battery lifecycle. DR participation provide benefits by offering time-based and incentive-based hourly intelligent charging schedules for the EV. A thorough comparison is drawn with existing variable charging rate-based techniques in order to demonstrate the comparative validity of our proposed technique. The simulation results show that even under no DR event, the proposed scheme results in 2.9% decrease in overall power consumption cost for a 500 EV scenario when compared to variable charging rate method. Moreover, in similar conditions, such as no DR event and for 500 EV arrived per day, there is a 2.8% increase in number of EV charged per day, 3.2% improvement in the average state-of-charge (SoC) of the EV, 12.47% reduction in the average time intervals required to achieve final SoC.

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