Short-term load forecasting (STLF) models are very important for electric industry in the trade of energy. These models have many applications in the day-to-day operations of electric utilities such as energy generation planning, load switching, energy purchasing, infrastructure maintenance, and contract evaluation. A large variety of STLF models have been developed that trade off between forecast accuracy and convergence rate. This paper presents an accurate and fast converging STLF model for industrial applications in a smart grid. In order to improve the forecast accuracy, modifications are devised in two popular techniques: mutual information based feature selection; and enhanced differential evolution algorithm based error minimization. On the other hand, the convergence rate of the overall forecast strategy is enhanced by devising modifications in the heuristic algorithm and in the training process of the artificial neural network. Simulation results show that accuracy of the newly proposed forecast model is 99.5% with moderate execution time, i.e., we have decreased the average execution of the existing bilevel forecast strategy by 52.38%.

In this paper, we propose mathematical optimization models of household energy units to optimally control the major residential energy loads while preserving the user preferences. User comfort is modelled in a simple way, which considers appliance class, user preferences and weather conditions. The wind-driven optimization (WDO) algorithm with the objective function of comfort maximization along with minimum electricity cost is defined and implemented. On the other hand, for maximum electricity bill and peak reduction, min-max regret-based knapsack problem (K-WDO) algorithm is used. To validate the effectiveness of the proposed algorithms, extensive simulations are conducted for several scenarios. The simulations show that the proposed algorithms provide with the best optimal results with a fast convergence rate, as compared to the existing techniques.

Daily operations and planning in a smart grid require a day-ahead load forecasting of its customers. The accuracy of day-ahead load-forecasting models has a significant impact on many decisions such as scheduling of fuel purchases, system security assessment, economic scheduling of generating capacity, and planning for energy transactions. However, day-ahead load forecasting is a challenging task due to its dependence on external factors such as meteorological and exogenous variables. Furthermore, the existing day-ahead load-forecasting models enhance forecast accuracy by paying the cost of increased execution time. Aiming at improving the forecast accuracy while not paying the increased executions time cost, a hybrid artificial neural network-based day-ahead load-forecasting model for smart grids is proposed in this paper. The proposed forecasting model comprises three modules: (i) a pre-processing module; (ii) a forecast module; and (iii) an optimization module. In the first module, correlated lagged load data along with influential meteorological and exogenous variables are fed as inputs to a feature selection technique which removes irrelevant and/or redundant samples from the inputs. In the second module, a sigmoid function (activation) and a multivariate auto regressive algorithm (training) in the artificial neural network are used. The third module uses a heuristics-based optimization technique to minimize the forecast error. In the third module, our modified version of an enhanced differential evolution algorithm is used. The proposed method is validated via simulations where it is tested on the datasets of DAYTOWN (Ohio, USA) and EKPC (Kentucky, USA). In comparison to two existing day-ahead load-forecasting models, results show improved performance of the proposed model in terms of accuracy, execution time, and scalability.