Short-term probabilistic load forecasting at low aggregation levels using convolutional neural networks

Abstract

Lowly aggregated load profiles such as of individual households or buildings are more fluctuating and relative forecast errors are comparatively high. Therefore, the prevalent point forecasts are not sufficiently capable of optimally capturing uncertainty and hence lead to non-optimal decisions in different operational tasks. We propose an approach for short-term load quantile forecasting based on convolutional neural networks (STLQF-CNN). Historical load and temperature are encoded in a three-dimensional input to enforce locality of seasonal data. The model efficiently minimizes the pinball loss over all desired quantiles and the forecast horizon at once. We evaluate our approach for day-ahead and intra-day predictions on 222 house-holds and different aggregations from the Pecan Street dataset. The evaluation shows that our model consistently outperforms a naïve and an established linear quantile regression benchmark model, e.g., between 21 and 29 % better than the best benchmark on aggregations of 10, 20 and 50 households from Austin.

Marcus Voss

Intelligence Architect and AI Expert

AI and Sustainability at Birds on Mars and Climate Change AI, Lecturer for AI and Data Science.