A Hybrid Short-Term Power Load Forecasting Model Based on the Singular Spectrum Analysis and Autoregressive Model

Abstract EN

Short-term power load forecasting is one of the most important issues in the economic and reliable operation of electricity power system.

Taking the characteristics of randomness, tendency, and periodicity of short-term power load into account, a new method (SSA-AR model) which combines the univariate singular spectrum analysis and autoregressive model is proposed.

Firstly, the singular spectrum analysis (SSA) is employed to decompose and reconstruct the original power load series.

Secondly, the autoregressive (AR) model is used to forecast based on the reconstructed power load series.

The employed data is the hourly power load series of the Mid-Atlantic region in PJM electricity market.

Empirical analysis result shows that, compared with the single autoregressive model (AR), SSA-based linear recurrent method (SSA-LRF), and BPNN (backpropagation neural network) model, the proposed SSA-AR method has a better performance in terms of short-term power load forecasting.