Development of distributional load forecasting algorithm

Author

Hwang, Kab Ju ; Kim, Gwang Won ; Woo, Kyoung Hang

Author_Institution

Sch. of Electr. Eng., Ulsan Univ., South Korea

fYear

2005

fDate

26 June-2 July 2005

Firstpage

333

Lastpage

335

Abstract

This paper presents a short-term regional load forecasting algorithm for distributional company that needs to make its bidding policy. The forecasting model is built by a bottom-up approach based on its historical load data, while the regional forecasting is performed in a top-down manner using the total system forecasting results of the Korean Power Exchange (KPX). The total system is composed of several distribution regions, and each region includes its branches. A forecasting software, so called forecasting for regional distribution (FORD), is developed as well, based on the proposed algorithm.

Keywords

load distribution; load forecasting; FORD; bidding policy; bottom-up approach; distributional company; forecasting for regional distribution; forecasting model; forecasting software; load forecasting algorithm; regional forecasting; top-down approach; Demand forecasting; Economic forecasting; Load forecasting; Power markets; Power system modeling; Power system security; Predictive models; Software algorithms; Temperature; Weather forecasting;

fLanguage

English

Publisher

ieee

Conference_Titel

Science and Technology, 2005. KORUS 2005. Proceedings. The 9th Russian-Korean International Symposium on

Print_ISBN

0-7803-8943-3

Type

conf

DOI

10.1109/KORUS.2005.1507723

Filename

1507723