Adaptive data decomposition based quantile-long-short-term memory probabilistic forecasting framework for power demand side management of energy system

Abstract

Load management can improve the overall benefit of power system through peak cutting and valley filling, whose performance depends on the accuracy of load forecasting. However, how to efficiently utilize load data to uprate forecasting performance is urgent. Therefore, a peak cutting and valley filling forecasting algorithm based on load operation state is proposed. Firstly, adaptive data decomposition based quantile-long-short-term memory (QLSTM) probabilistic forecasting framework is proposed to reflect the future load information more comprehensively. The method combines long-short-term memory (LSTM) with pinball loss function to provide deterministic forecasting and probability density forecasting. Then, a variable power peak cutting and valley filling algorithm is proposed to suppress the peak–valley difference and optimize the power structure. Finally, the case study of typical working conditions of actual power grid is performed to confirm that the proposed method can better reflect the future load information and reduce peak–valley difference.