2021
DOI: 10.1002/tee.23536
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A Similar Day Based Short Term Load Forecasting Method Using Wavelet Transform and LSTM

Abstract: With the deregulation of electricity markets, short-term load forecasting (STLF) has gained importance for the operation of power systems. However, an effective STLF model is hard to achieve as the load is affected by various factors. Here we present a STLF method based on similar day approach to predict the electricity usage 24 h ahead and by employing long short-term memory (LSTM) and wavelet transform to further improve the forecasting accuracy. Compared with other methods, the proposed method achieves high… Show more

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Cited by 12 publications
(14 citation statements)
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References 24 publications
(26 reference statements)
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“…Thus, the ConvLSTM-Adaboost model has a high stability. The curves of Zhang et al (2022) and Wang et al (2021) are similar, indicating that their prediction stabilities are also good. However, the wide curve distribution indicates that the prediction accuracy is not as good as the proposed model.…”
Section: Impact Analysis Of Different Electricity Pricesmentioning
confidence: 70%
“…Thus, the ConvLSTM-Adaboost model has a high stability. The curves of Zhang et al (2022) and Wang et al (2021) are similar, indicating that their prediction stabilities are also good. However, the wide curve distribution indicates that the prediction accuracy is not as good as the proposed model.…”
Section: Impact Analysis Of Different Electricity Pricesmentioning
confidence: 70%
“…Other STLF techniques that have been applied to power station load forecasting include fuzzy logic models [26], support vector regression (SVR) models (Hong et al, 2009) [27], and wavelet transform models (Zhang et al, 2022) [28]. These techniques have shown promise in providing accurate load forecasts for short-term objectives, but further research is needed to fully evaluate their effectiveness.…”
Section: Related Workmentioning
confidence: 99%
“…Currently, many load forecasting methods based on similar days use the minimum distance between load curves to determine similar days. The most commonly used distance measurement methods are Euclidean distance, Manhattan distance, etc., and then predict based on time series extrapolation or machine learning methods [2][3][4][5]. These methods mainly focus on the similarity between load values, that is, "value similarity", and cannot guarantee the most similar curve shape information.…”
Section: Introductionmentioning
confidence: 99%