An efficient power load forecasting model based on the optimized combination

Abstract

The new energy industry gains more and more attention since the problem of resource scarcity and utilization of the renewable energy has become a global highlight issue. In this paper, we propose a new load forecasting model under the development of new energy industry by choosing the typical wind power as the key subject, which is also an important reference for other energy industries. The wind power load forecasting model is built based on optimized combination, which is forecasted and analyzed by the time series, the Markov and the gray forecasting models individually, and then combined by the optimized weighting coefficients. The method has overcome the limitations of poor adaptability of the single forecasting models and come out with an ideal result. Experimental results show our method has better performance compared with other related algorithms in different datasets.