Wavelet-GA-ANN Based Hybrid Model for Accurate Prediction of Short-Term Load Forecast

Abstract

This paper proposes a hybrid model developed through wiser integration of wavelet transforms, floating point GA and artificial neural networks for prediction of short-term load. The use of wavelet transforms has added the capability of capturing of both global trend and hidden templates in loads, which is otherwise very difficult to incorporate into the prediction model of ANN. Auto-configuring RBF networks are used for predicting the wavelet coefficients of the future loads. Floating point GA (FPGA) is used for optimizing the RBF networks. The use of GA optimized RBF network has added to the model the online prediction capability of short-term loads accurately. The performance of the proposed model is validated using Queensland electricity demand data from the Australian National Electricity Market. Results demonstrate that the proposed model is more accurate as compared to RBF only model.