Table of Contents
Advances in Electrical Engineering
Volume 2014, Article ID 424781, 7 pages
http://dx.doi.org/10.1155/2014/424781
Research Article

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

School of Economics and Management, North China Electric Power University, Beijing 102206, China

Received 15 February 2014; Revised 17 April 2014; Accepted 17 April 2014; Published 5 May 2014

Academic Editor: Mamun B. I. Reaz

Copyright © 2014 Hongze Li et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

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.