Wind Power Forecasting Using Multi-Objective Evolutionary Algorithms for Wavelet Neural Network-Optimized Prediction Intervals

The intermittency of renewable energy will increase the uncertainty of the power system, so it is necessary to predict the short-term wind power, after which the electrical power system can operate reliably and safely. Unlike the traditional point forecasting, the purpose of this study is to quantify the potential uncertainties of wind power and to construct prediction intervals (PIs) and prediction models using wavelet neural network (WNN). Lower upper bound estimation (LUBE) of the PIs is achieved by minimizing a multi-objective function covering both interval width and coverage probabilities. Considering the influence of the points out of the PIs to shorten the width of PIs without compromising coverage probability, a new, improved, multi-objective artificial bee colony (MOABC) algorithm combining multi-objective evolutionary knowledge, called EKMOABC, is proposed for the optimization of the forecasting model. In this paper, some comparative simulations are carried out and the results show that the proposed model and algorithm can achieve higher quality PIs for wind power forecasting. Taking into account the intermittency of renewable energy, such a type of wind power forecast can actually provide a more reliable reference for dispatching of the power system.