Title
Cluster-based aggregate forecasting for residential electricity demand using smart meter data
Abstract
While electricity demand forecasting literature has focused on large, industrial, and national demand, this paper focuses on short-term (1 and 24 hour ahead) electricity demand forecasting for residential customers at the individual and aggregate level. Since electricity consumption behavior may vary between households, we first build a feature universe, and then apply Correlation-based Feature Selection to select features relevant to each household. Additionally, smart meter data can be used to obtain aggregate forecasts with higher accuracy using the so-called Cluster-based Aggregate Forecasting (CBAF) strategy, i.e., by first clustering the households, forecasting the clusters' energy consumption separately, and finally aggregating the forecasts. We found that the improvement provided by CBAF depends not only on the number of clusters, but also more importantly on the size of the customer base.
Year
DOI
Venue
2015
10.1109/BigData.2015.7363836
Big Data
Field
DocType
Citations 
Econometrics,Cluster (physics),Data mining,Demand forecasting,Feature selection,Simulation,Computer science,Electricity,Smart meter,Cluster analysis,Energy consumption,Customer base
Conference
4
PageRank 
References 
Authors
0.41
15
4
Name
Order
Citations
PageRank
Tri Kurniawan Wijaya114014.20
Matteo Vasirani229328.75
Samuel Humeau3514.52
Karl Aberer46459662.26