Abstract
It is very important to make forecasts to support future planning. In electricity field, for estimating the demand for electrical energy, there are several influential factors to be considered, e.g. economic growth, increased demand for electricity, and the capacity of power and electrical energy providers. The limited availability of data and variables causes the predictions made to be inaccurate. This paper focuses on the accuracy of forecasting with various numbers of variables to optimize the data held. The initial stage of this research is the division of clusters using the hierarchical clustering method to divide 24 administrative regions into 6 clusters, and to increase the accuracy of forecasting using principal component regression. Based on the results obtained, it can be seen that the MAPE values vary in each cluster. The use of 7 variables in forecasting, in general, shows better accuracy than the use of 6 or 5 variables. However, the difference between the number of these variables is narrow. In cluster 6, the MAPE value in 7 variables is 0.88% while in 5 variables the MAPE value is 0.91%. In cluster 1 and cluster 4, the use of 5 variables has a better value than the use of other variables. Thus, this model can be used and developed to do forecasting even though it uses limited data and variables.
Highlights
It is very important to make forecasts in order to plan for the future
In the electricity filed, such estimate is the initial part of a long series of planning, both in the distribution system and in the power transmission system
The clustering method is divided into non-hierarchical clustering and hierarchical clustering
Summary
It is very important to make forecasts in order to plan for the future. In the electricity filed, such estimate is the initial part of a long series of planning, both in the distribution system and in the power transmission system. Load estimation in each area is needed to increase the efficiency of the system. In addition to load estimation, efficiency is influenced by technical characteristics and different economic calculations in each region (Grigoraş et al, 2012). Some of the conditions that influence needs (Seppälä, 1996) are consumer behavior (including type of consumer, size of house or building), time, weather, and past load requirements along with the shape of the curve. All of these factors and conditions in a region will be different from other regions
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More From: International Journal of Energy Economics and Policy
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