Wellcome Peujio Jiotsop Foze, A. Hernández-del-Valle
{"title":"Hours ahead automed long short-term memory (LSTM) electricity load forecasting at substation level: Newcastle substation","authors":"Wellcome Peujio Jiotsop Foze, A. Hernández-del-Valle","doi":"10.22201/fca.24488410e.2023.3356","DOIUrl":null,"url":null,"abstract":"Nowadays, electrical energy is of vital importance in our lives, every country needs this resource to develop its economy, factories, businesses, and homes are the basis of the economic structure of a country. In the city of Newcastle as in other cities are in constant development growing day by day in terms of industries, homes and businesses, these elements are the ones that consume all the electricity produced in Newcastle. Although Australia has strategically located substations that serve the function of supplying all existing loads with quality power, from time to time the load will exceed the capacity of these substations and will not be able to supply the loads that will arise in the future as the city grows. To find a solution to this problem, we use a deep learning model to improve accuracy. In this paper, a Long Short-Term Memory recurrent neural network (LSTM) is tested on a publicly available 30-minute dataset containing measured real power data for individual zone substations in the Ausgrid supply area data. The performance of the model is comprehensively compared with 4 different configurations of the LSTM. The proposed LSTM approach with 2 hidden layers and 50 neurons outperforms the other configurations with a mean absolute error (MAE) of 0.0050 in the short-term load forecasting task for substations.","PeriodicalId":52100,"journal":{"name":"Contaduria y Administracion","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2022-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Contaduria y Administracion","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.22201/fca.24488410e.2023.3356","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 0
Abstract
Nowadays, electrical energy is of vital importance in our lives, every country needs this resource to develop its economy, factories, businesses, and homes are the basis of the economic structure of a country. In the city of Newcastle as in other cities are in constant development growing day by day in terms of industries, homes and businesses, these elements are the ones that consume all the electricity produced in Newcastle. Although Australia has strategically located substations that serve the function of supplying all existing loads with quality power, from time to time the load will exceed the capacity of these substations and will not be able to supply the loads that will arise in the future as the city grows. To find a solution to this problem, we use a deep learning model to improve accuracy. In this paper, a Long Short-Term Memory recurrent neural network (LSTM) is tested on a publicly available 30-minute dataset containing measured real power data for individual zone substations in the Ausgrid supply area data. The performance of the model is comprehensively compared with 4 different configurations of the LSTM. The proposed LSTM approach with 2 hidden layers and 50 neurons outperforms the other configurations with a mean absolute error (MAE) of 0.0050 in the short-term load forecasting task for substations.
期刊介绍:
Contaduría y Administración (Accounting and Management)is a quarterly journal aimed to the academic community. Being peer-reviewed by double blind process,seeks to contribute to the advancement of scientific and technical knowledge in the financial and administrative disciplines. This journal publishes original theoretical or applied research (No case studies, descriptive and exploratory) in Spanish and English on the following subjects: • Organization Management • Production Management and Operations • Human Resources Management • Management of Information Technology • Accounting and Auditing • Management and Leadership • Business Economics • Entrepreneurship • Business Environment • Finance • Operations Research • Innovation and Technological Change in Organizations • Marketing • Micro, Small and Medium Enterprises • Planning and Business Strategies • Management Theory • Financial Theory • Business Decisions Contaduría y Administración (Accounting and Management) also receives research papers on related areas to the above mentioned.