Title :
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
fDate :
26 June-2 July 2005
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;
Conference_Titel :
Science and Technology, 2005. KORUS 2005. Proceedings. The 9th Russian-Korean International Symposium on
Print_ISBN :
0-7803-8943-3
DOI :
10.1109/KORUS.2005.1507723
