In recent years, although deep learning algorithms have been widely applied to various fields, ranging from translation to time series forecasting, researchers paid limited attention to modelling parameter optimization and the combination of the fuzzy time series. In this paper, a novel hybrid forecasting system, named CFML (complementary ensemble empirical mode decomposition (CEEMD)-fuzzy time series (FTS)-multi-objective grey wolf optimizer (MOGWO)-long short-term memory (LSTM)), is proposed and tested. This model is based on the LSTM model with parameters optimized by MOGWO, before which a fuzzy time series method involving the LEM2 (learning from examples module version two) algorithm is adopted to generate the final input data of the optimized LSTM model. In addition, the CEEMD algorithm is also used to de-noise and decompose the raw data. The CFML model successfully overcomes the nonstationary and irregular features of wind speed data and electrical power load series. Several experimental results covering four wind speed datasets and two electrical power load datasets indicate that our hybrid forecasting system achieves average improvements of 49% and 70% in wind speed and electrical power load, respectively, under the metric MAPE (mean absolute percentage error).

Electricity load forecasting plays an essential role in improving the management efficiency of power generation systems. A large number of load forecasting models aiming at promoting the forecasting effectiveness have been put forward in the past. However, many traditional models have no consideration for the significance of data preprocessing and the constraints of individual forecasting models. Moreover, most of them only focus on the forecasting accuracy but ignore the forecasting stability, resulting in nonoptimal performance in practical applications. This paper presents a novel hybrid model that combines an advanced data preprocessing strategy, a deep neural network, and an avant-garde multi-objective optimization algorithm, overcoming the defects of traditional models and thus improving the forecasting performance effectively. In order to evaluate the validity of the proposed hybrid model, the electricity load data sampled in 30-min intervals from Queensland, Australia are used as a case to study. The experiments show that the new proposed model is obviously superior to all other traditional models. Furthermore, it provides an effective technical forecasting means for smart grid management.