Short-Term Load Forecasting Algorithm Based on LST-TCN in Power Distribution Network

• Published in: Energies
• Main Authors: Wanxing Sheng, Keyan Liu, Dongli Jia, Shuo Chen, Rongheng Lin
• Format: Article
• Language: English
• Published: MDPI AG 2022-08-01
• Subjects: LSTM; TCN; causal convolution; dilated convolution; LST-TCN
• Online Access: https://www.mdpi.com/1996-1073/15/15/5584

In this paper, a neural network model called Long Short-Term Temporal Convolutional Network (LST-TCN) model is proposed for short-term load forecasting. This model refers to the 1-D fully convolution network, causal convolution, and void convolution structure. In the convolution layer, a residual connection layer is added. Additionally, the model makes use of two networks to extract features from long-term data and periodic short-term data, respectively, and fuses the two features to calculate the final predicted value. Long Short-Term Memory (LSTM) and Temporal Convolutional Network (TCN) are used as comparison algorithms to train and forecast 3 h, 6 h, 12 h, 24 h, and 48 h ahead of daily electricity load together with LST-TCN. Three different performance metrics, including pinball loss, root mean squared error (RMSE), and mean absolute error (RASE), were used to evaluate the performance of the proposed algorithms. The results of the test set proved that LST-TCN has better generalization effects and smaller prediction errors. The algorithm has a pinball loss of 1.2453 for 3 h ahead forecast and a pinball loss of 1.4885 for 48 h ahead forecast. Generally speaking, LST-TCN has better performance than LSTM, TCN, and other algorithms.