pattern recognition technologies (prt), inc. on-line load forecasting services
DESCRIPTION
Pattern Recognition Technologies (PRT), Inc. On-Line Load Forecasting Services. Al Khotanzad, Ph.D., P.E. President PRT, Inc . 17950 Preston Road, Suite 916 Dallas, Texas 75252 (214) 692-5252 [email protected] www.prt-inc.com ERCOT Load Forecasting Forum January 24, 2007. - PowerPoint PPT PresentationTRANSCRIPT
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Pattern Recognition Technologies (PRT), Inc.
On-Line Load Forecasting Services
Al Khotanzad, Ph.D., P.E.President
PRT, IncPRT, Inc..17950 Preston Road, Suite 91617950 Preston Road, Suite 916
Dallas, Texas 75252Dallas, Texas 75252(214) 692-5252(214) [email protected]
www.prt-inc.com
ERCOT Load Forecasting ForumJanuary 24, 2007
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Corporate Profile Founded in 1994
Products & Services Online load and price forecasting services Stand-alone load and price forecasting software Custom forecasting solutionsClients Over 90 energy firms consisting of
Utilities in North America & Overseas ISOs, Municipalities, Coops. Government Agencies Power marketing and trading organizations The Electric Power Research Institute (EPRI)
First company to develop a commercial neural network based load forecaster in the early 90’s – ANNSTLF for EPRI
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Load Forecasting Accurate forecast of future demand required by all entities involved
in the energy markets Electric Utilities Independent System Operators Power Marketers
Different forecast horizons Long Term: Several years out – required for planning purposes Mid Term: Several weeks to months – scheduling maintenance,
planning fuel supply, transactions Short Term: Next hour to next week – daily operation, energy
transactions, reliability studies
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Short Term Load Forecasting Hourly or sub-hourly forecasts starting from next hour to next seven to ten
days Forecasts used for:
Unit commitment– selection of generators in operation– start up/shut down of generation to minimize operation cost
Hydro scheduling to optimize water release from reservoirs Generator type coordination to determine the least cost operation mode
(optimum mix) Interchange scheduling and energy purchase Transmission line loading Power system security assessment
Accuracy has significant economic impact Even a 0.5% improvement in accuracy can result in thousands of dollars in
savings
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Factors Affecting Short Term Load Factors affecting short-term load are:
Mix of customer in the service area (residential, commercial, industrial) Weather condition (temperature, humidity, cloud cover, wind speed) Seasonal effects & recent load trends Time of day (morning, afternoon, night) Day of week (weekdays, weekends) Holidays (Christmas, New Years) Special events (popular sporting events or TV shows) Demand side management Random disturbances
Forecasts used for: Unit commitment
– selection of generators in operation– start up/shut down of generation to minimize operation cost
Hydro scheduling to optimize water release from reservoirs Generator type coordination to determine the least cost operation mode (optimum mix) Interchange scheduling and energy purchase Transmission line loading Power system security assessment
Accuracy has significant economic impact Even a 0.5% improvement in accuracy can result in thousands of dollars in savings
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Example of Load and Temperature
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Major STLF Techniques Any STLF technique attempts to model the relationship between the
load and factors that affect it – these relationships are nonlinear and complex Regression models Stochastic time series Spectral decomposition Similar-day search Intelligent system based models
Superiority of intelligent system based techniques have been demonstrated in many studies
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PRT’s LF Technologies Products & services are based on cutting-edge intelligent system
technologies of:
Artificial Neural Networks Fuzzy Logic Genetic Algorithms/Evolutionary Computing
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Artificial Neural Networks (ANNs)
Neurologically inspired systems consisting of highly interconnected elementary computational units (neurons)
Distributed processing by neurons results in intelligent outcome
ANNs learn to perform a desired task directly from examples using special training algorithms
ANNs can generalize; after training, they can produce good results for data that only broadly resembles the data they were trained on originally
ANNs are nonlinear systems, well suited for real world problems that are often nonlinear
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Forecasting Using ANNs A key feature of ANNs is their ability to learn a complex pattern
mapping, i.e., model the underlying relationship between a set of variables and an outcome that is a function of them –
Future Load – Function of past loads and weather, recent load trends, upcoming weather, calendar effects
Train with historical data (examples of the underlying relationship)
A properly trained ANN can predict the outcome of the modeled process based on the available observations
ANN based predictors employed in a wide variety of forecasting applications such as prediction of: electric load, weather, gas consumption, stock market, economic trends time series data, future sales, traffic patterns and grade point average of students
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Unique Aspects of PRT ANN Forecasters
Architecture of ANN specifically designed for electric load forecasting
Optimal set of inputs selected for load forecasting application
No need for frequent re-training
Quick response to deviations between forecast and actual load
Special algorithms for unusual days, e.g., weekday holidays
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Fuzzy Logic Fuzzy logic (FL) is a means to transform subjective/expert
knowledge about a process expressed in the form of linguistic rules into computer algorithms.
FL employs fuzzy sets, fuzzy membership functions and fuzzy if-then rules to model the uncertainty in nature, and express the knowledge
A fuzzy set is a set without a crisp, clearly defined boundary, and can contain fuzzy variables with a partial degree of membership
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Fuzzy Rule & Membership Function An example of a typical fuzzy IF-Then rule :
IF next-day temperature is hot, and today’s temperature is hot, THEN next-day load is high
Subjective interpretation of “hot temperature” or “high load”
• Characterized by fuzzy membership function – an example shown
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Fuzzy Logic Based Load Forecaster Develop applicable fuzzy membership functions
Extract relevant IF-THEN rules from historical data – There could be hundreds of such rules
During the forecasting phase several of the rules become activated along with some of the fuzzy membership function
Fuzzy inference engine converts all this information into a final crisp forecast
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Genetic Algorithms (GAs) Genetic Algorithms (GAs) are optimization algorithms that are
based on the concept of natural evolution
GAs can find the optimal solution quickly and efficiently, especially when there is little information about the solution available.
GAs emulate natural evolution, and make use of four operators, including reproduction, crossover, mutation, and survival of the fittest to produce and keep the optimal solutions.
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GA Based Forecaster Create M sets of forecasts (in random) for a given set of actual
historical data Sort based on accuracy Retain the top K most accurate sets (stronger solutions) and discard
the rest (weaker solutions) – survival of the fittest Use the retained K sets as parents to create a second generation of
M solutions through mutation & crossover – repeat the process After several generation, the top K solutions converge toward a
single solution – Strongest solution This is the optimal solution used as the final forecasting model
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PRT’s e-ISOForecast Price & Load Forecasting Service
e-ISOForecast is an on-line real-time price & load forecasting service that has been set up for all wholesale power markets/ISOs in North America ERCOT, PJM, NY-ISO, ISO-NE, MISO, CA-ISO, ONTARIO
IESO, ALBERTA AESO Hourly forecasts for current day and six days beyond Hourly load forecasts for one year out using various simulated
weather scenarios Forecasts are posted on www.onlineforecast.com Subscribers use a Web browser to access and download the
forecasts – available 24/7 Forecasts are updated every hour or faster based on the most
recent price/load/weather data that become available Weather forecasts are used in the models - updated several times
per day
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e-ISOForecast Price & Load Forecasts ERCOT
System-Wide & Congestion Zone Load Forecasts Zonal Market Clearing Price Forecasts
PJM System-Wide, Regional and Zonal Load Forecasts Real-Time & Day-Ahead LMP Price Forecasts
ISO New England (ISO-NE) System-Wide & Zonal Load Forecasts Zonal Real-Time & Day-Ahead LMP Price Forecasts
New York ISO (NYISO) System-Wide & Zonal Load Forecasts Zonal Real-Time & Day-Ahead LMP Price Forecasts
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e-ISOForecast Price & Load Forecasts Midwest ISO (MISO)
System-Wide Load Forecast Real-Time & Day-Ahead LMP Price Forecasts for Five Hubs and
Various CPNs
California ISO System-Wide Load Forecast Zonal Supplemental Real-Time Price Forecast s
ONTARIO EISO System-Wide Load Forecast System-Wide Price Forecast
ALBERTA AESO System-Wide Load Forecast System-Wide Price Forecast
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Forecasting Engines
Multiple models based on different technologies run in parallel generating independent forecasts
A top layer of intelligence decides to: Select one of the forecasts as the final forecast Combine multiple forecasts (“Combination of Experts”) into a
final forecast
Accuracy is improved over use of a single modeling technique
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Weather Data PRT has affiliations with two major weather service providers, WSI and
Meteorlogix
Most free internet based weather forecast services simply provide forecasts generated by NWS or other computer models
Weather service providers bring human meteorologists in the loop who scrutinize/edit computer generated forecasts
Weather forecasts updated several times throughout the day
Actual temperature updated every hour and with every update, new load forecasts are generated
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Access via the Web Forecasts are posted to a dedicated password protected page Can be accessed using any standard Web browser from any
computer Provides easy access for all in the company Forecasts are displayed in tabular and graphical forms Actual data of previous day and any available data of current day
are displayed Forecasts can be downloaded in EXCEL format Other statistics including actual prices of past week, similar day
comparisons and price bands are provided
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e-ISOForecast Main Page
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e-ISOForecast PJM Segment
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e-ISOForecast Load Forecast View
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e-ISOForecast LF View - Graphical
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Market After-the-Fact
CurrentDay
Next Day
Day 3 Day 4 Day 5
ERCOT Load 1.51/1.84 1.81/2.69 2.99/3.48 3.50/3.87 3.99/4.59 4.54/5.13Temp 1.38/1.73 2.14/1.98 2.41/2.13 2.86/2.68 3.21/3.02
PJM East
Load 1.24/1.33 1.32/1.91 2.49/2.64 2.88/2.93 3.25/3.45 3.67/3.81Temp 1.48/2.00 2.56/2.46 2.73/2.78 3.20/3.46 3.68/4.05
ISONE Load 1.70/1.60 1.24/1.88 2.30/2.32 2.73/2.91 3.04/3.31 3.34/3.60Temp 1.49/2.00 2.47/2.57 2.76/2.93 3.27/3.62 3.78/4.32
NYISO Load 1.15/1.28 2.21/2.40 2.56/2.59 2.73/2.74 2.93/3.05 3.26/3.47Temp 2.72/2.81 3.04/2.99 3.22/3.23 3.53/3.60 3.98/4.30
MISO Load 1.21/1.39 1.21/1.83 2.29/2.54 2.79/3.05 3.20/3.53 3.54/3.87Temp 1.29/1.70 2.15/2.32 2.37/2.48 2.82/3.05 3.32/3.57
e-ISOForecast LF Performance for 2006Forecasts Recorded at 8 am CT
Load: Hourly MAPE/ Daily Peak Load MAPETemperature: Hourly MAD/Daily Peak Temp MAD
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e-ISOForecast Performance for Forecast of Next-Day ERCOT Total Load – 2006
i
Forecasts Recorded at 3:00 PM of Previous Day
Month Load MAPE
Temp MAD
Month Load MAPE
Temp MAD
Jan 2.10/2.02 2.13 Jul 2.51/2.77 1.71
Feb 3.01/3.18 3.14 Aug 2.70/2.81 2.06
Mar 2.52/2.85 2.42 Sep 3.86/5.03 2.35
Apr 3.17/4.11 1.78 Oct 3.53/5.06 2.36
May 3.05/3.57 1.83 Nov 2.21/2.25 2.21
Jun 2.70/2.92 1.62 Dec 2.45/3.49 2.14
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Market Period By Current Day
Next Day
Day 3 Day 4 Day 5
ERCOT 1/1-12/31
PRT 1.81/2.69 2.99/3.48 3.50/3.87 3.99/4.59 4.54/5.13ISO 2.28/2.96 3.22/3.45 3.75/4.08 4.56/4.79 5.04/5.40
PJM East
1/1-12/31
PRT 1.32/1.91 2.49/2.64 2.88/2.93 3.25/3.45 3.67/3.81ISO 1.70/2.00 3.30/2.91 3.32/3.23 3.79/3.60 4.27/4.13
ISONE 1/1-12/31
PRT 1.24/1.88 2.30/2.32 2.73/2.91 3.04/3.31 3.34/3.60
ISO 3.08/1.77 3.23/2.15 - - -NYISO 12/5-
12/31PRT 0.64/1.06 1.51/1.54 1.74/1.85 1.99/2.29 2.10/2.34
ISO 2.54/2.62 2.54/2.62 2.22/2.09 2.12/1.59 2.08/1.43
Comparison of PRT and ISO LF PerformanceForecasts Recorded at 8 am CT
Hourly MAPE/ Daily Peak Load MAPE
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e-LoadForecast Service An online load forecast service for company-specific load data Standard Service: Hourly/sub hourly forecasts for current day and six
days beyond Extended Service: Additional Hourly/sub hourly forecasts for several
months and years out User only needs to:
Provide historical load data for initial model training Upload the most recent actual load data as it becomes available (via
FTP, e-mail, provided Excel interface) All the required actual and forecast weather data acquired by PRT from Load and weather data quality checked and validated Forecasts posted to a dedicated and secure website in tabular and
graphical forms
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e-LoadForecast Service, Cont’ Forecasts are updated every hour with preceding hour’s actual
observed weather Forecasts are updated any time an actual load data is uploaded by
user 24/7 access through
Via Internet at any location An Excel Interface with built-in functions enabling user to
remotely interact with the forecasting system FTP E-Mail
ERCOT uses this service for forecast of its eight weather zones
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Forecasting Engines
Multiple models based on different technologies run in parallel generating independent forecasts
A top layer of intelligence decides to: Select one of the forecasts as the final forecast Combine multiple forecasts (“Combination of Experts”) into a
final forecast
Accuracy is improved over use of a single modeling technique
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Weather Data PRT has affiliations with two major weather service providers, WSI and
Meteorlogix
Most free internet based weather forecast services simply provide forecasts generated by NWS or other computer models
Weather service providers bring human meteorologists in the loop who scrutinize/edit computer generated forecasts
Weather forecasts updated several times throughout the day
Actual temperature updated every hour and with every update, new load forecasts are generated
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Other Features The provided Excel Interface allows user to:
Modify forecasted temperatures and generate corresponding load forecasts – “What-If” scenarios
Modify predicted morning and/or afternoon peak loads. Forecasts for other hours are reshaped accordingly
View load and temperature of three most similar days (temperature wise) in the history
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Access via the Web - View & Download Forecasts are posted to a dedicated password protected page Can be accessed using any standard Web browser from any
computer Provides easy access for all in the company Forecasts are displayed in tabular and graphical forms Actual data of previous day and any available data of current day
are displayed Forecasts can be downloaded in EXCEL format
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Access via Excel Interface – View, Download & Interact
An Excel interface with easy-to-use built-in features Download and view most current load and temperature
forecasts in tabular and graphical forms Modify forecasted temperatures and generate corresponding
load forecasts Modify predicted peak loads and reshape load forecasts
accordingly Download and view three most similar days Upload actual load updates to PRT’s servers
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Profile Based Forecasting Retailers operating in deregulated markets work with individual accounts that may
not be metered hourly (e.g., residential load) Energy transactions and settlements are done based on hourly demand Hourly load is simulated using pre-specified standard load profiles for client type To forecast their retail load, load profile for each account must be scaled
appropriately to account for pattern of usage by that account Profile based module of e-LoadForecast – User provides:
List of current accounts in the portfolio along with their corresponding profile type The historical usage data for each account
Backcasted profiles for corresponding profile types are used to develop a profile multiplier (scale factor) for each account using historical meter reads.
Forecasted standard profiles are multiplied by the scale factor to get the final hourly forecast
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Mid-Term/Long-Term Module Optional service includes mid-term/long-term hourly load forecast Forecast horizon can be extended to five years out ANN technology is used – Models are different from those used for short-term forecasting Impact of load growth is considered Weather forecast is needed for the forecast horizon
Simulated using historical weather data Three scenarios of “Normal”, “Hot”, and “Cold” available for each month in forecast
horizon Additional scenarios for generating “High Load” and “Low Load” cases Two statistical methods available for simulation of scenarios from historical weather
data Tools are provided for easy manipulation of simulated weather – user can build heat
waves/cold fronts
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Quality Control Extensive quality control system in place
Actual load and temperature data continually quality checked
Detected anomalies such as spikes and gaps corrected
Every day accuracy of load and temperature forecasts for various forecasts horizons are computed and reviewed by our experienced staff
Corrective action taken if degradation in quality detected Analysis of the cause Calibrate forecasting models Use of different kind of forecasting engines
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Forecasting Service Advantages Uses state-of-the-art load forecasting models More accurate forecasts than in-house systems More economical than maintaining an in-house system Frees up valuable manpower & resources No data hassles, IT overhead, software maintenance & upgrade Performance continuously monitored by specialists with extensive
experience and background in forecasting Models are continually calibrated and upgraded Convenient access to forecasts for all who need it in the
organization Unlimited use by all in the organization