The Research of Short-term Electric Load Forecasting based on Machine Learning Algorithm

Abstract

The ability of electric load forecasting become the key to measuring electric planning and dispatching, and improving the accuracy of electric load forecasting has become one hot spot topic of scholars in recent years. The traditional electric load forecasting algorithm mainly include statistical learning algorithm. The electric load forecasting algorithm based on traditional forecasting algorithm, machine learning algorithm and neural network algorithm greatly improve the convergence approximation effect and accuracy. In recent years, the electric load forecasting algorithms based on the deep learning algorithm has greatly reduced the error and improved the measurement accuracy and robustness, such as RNN, GRU, LSTM, DBN, TCN, and so on, as well as the combination algorithm based on deep learning. This paper introduces the classical algorithm of deep learning in electric load forecasting. The main purpose is to explore the error and fitting degree of algorithms established by different algorithms, and provide reference for the selection of forecasting algorithms for various types of electric load forecasting.