A novel short-term load forecasting framework based on time-series clustering and early classification algorithm

With the development of data-driven models, extracting information from historical data for better energy forecasting is critically important for energy planning and optimization in buildings. Feature engineering is a key factor in improving the performance of forecasting models. Adding load pattern labels for different daily energy consumption patterns resulting from different time schedules and weather conditions can help improve forecasting accuracy. Traditionally, pattern labeling focuses mainly on finding a day similar to the forecasting day based on calendar or other information, such as weather conditions. The most intuitive approach for dividing historical time-series load into patterns is clustering; however, the pattern cannot be determined before the load is known. To address this problem, this study proposes a novel short-term load forecasting framework integrating an early classification algorithm that uses a stochastic algorithm to predetermine the load pattern of a forecasting day. In addition, a hybrid multistep method combining the strengths of single-step forecasting and recursive multistep forecasting is integrated into the framework. The proposed framework was validated through a case study using actual metered data. The results demonstrate that the early classification and proposed labeling strategy produce satisfactory forecasting accuracy and significantly improve the forecasting performance of the LightGBM model. (C) 2021 Elsevier B.V. All rights reserved.

Automated summary

Feature engineering and load pattern labels are crucial for improving energy forecasting models. The proposed framework integrating an early classification algorithm and hybrid multistep method demonstrates significant enhancement in forecasting accuracy and performance.