Load forecasting is important for safe and cost-effective operation of recent power utilities. It helps in taking many decisions regarding energy purchasing and generation, maintenance, etc. Further, load forecasting provides information which is able to be used for energy interchange with other utilities. Over the years, a number of methods have been proposed for load forecasting. This paper f...

As renewable energy increasingly integrates into the electric power system, electric load forecasting and renewable energy power generation forecasting become more important. In this project, ARIMA and NARX are applied to build load forecasting model focusing on improving statistical and computational efficiency without losing accuracy. ARIMA turns out to be better for short term forecasting wh...

Accurate short-term electrical load forecasting plays a pivotal role in the national economy and people’s livelihood through providing effective future plans and ensuring a reliable supply of sustainable electricity. Although considerable work has been done to select suitable models and optimize the model parameters to forecast the short-term electrical load, few models are built based on the c...