A deep learning-based load forecasting algorithm for energy consumption monitoring system using dimension expansion

Abstract As a basic task in energy consumption monitoring system, load forecasting has great effects on system operation safety, generation costs and economic benefits. In this paper, a long-term load forecasting algorithm using data dimension expansion and deep feature extraction is proposed. First, the outliers of the meteorological measurements are removed by median filter method, and then the time information is encoded to form the fingerprint of the training data. Next, the full connected network (FCN) is used to expand the dimensions of the fingerprint, and the convolutional neural network (CNN) is used to extract the deep features which can obtain better feature representation. Finally, the FCN, the CNN and regression learning model are combined for jointly offline training. The optimal parameters of these network can be obtained under global solution. Experimental results show that the proposed algorithm has better load forecasting performance than existing methods.