Short-term power load interval forecasting based on nonparametric Bootstrap errors sampling

Abstract

Short-term power load forecasting plays a vital role in the planning of distribution network and the development of social economy. Many researchers have devoted their attention to construct point forecasting models. However, the traditional point forecasting regards the forecasting result as a deterministic variable. Since the deviation existed in load forecasting is simply unavoidable and significant, which has great volatility and randomness, point forecast methods are difficult to capture the fluctuation of power load. Probability forecast models are proposed to obtain the uncertain information in the load power. In this paper, firstly, some error information is obtained from the deterministic forecasting results of point forecasting; secondly, the interval of time series data is divided according to the deterministic error information; finally, the Bootstrap method is used to estimate the confidence interval of the deteministic error information to obtain the uncertainty information in the power load data. The instability and randomness of the deterministic error are otained by combining the interval forecasting method so as to improve the accuracy of power load forecasting. Therefore, probability forecasting is combined with point forecasting to obtain more accurate results. The proposed model is used to forecast power load for Queensland, Australia and capital district of New York State. The experimental results show that the proposed method performs better than other comparative models. The experimental results show that the ELM-AdaBoost model has better forecast performance in both long-term and short-term load datasets, and can overcome the seasonality of power load time series data.