Semiparametric density forecasting of electricity load for smart charging of electric vehicles

Can Bikcora, Lennart Verheijen, Siep Weiland

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

2 Citations (Scopus)
2 Downloads (Pure)

Abstract

To be utilized in the smart charging of plug-in electric vehicles, this paper proposes semiparametric conditional mean and variance models for the daily density forecasting of the electricity load. The mean is modeled by means of an autoregressive moving average model with exogenous inputs (ARMAX), whereas several options for the variance evolution are investigated, starting with modeling the variance as a power of the conditional mean, then as a piecewise constant function, and finally as a generalized autoregressive conditional heteroskedasticity (GARCH) model. Due to the possible non-Gaussianity of the distribution of the stochastic components, a quasi-maximum likelihood estimation (QMLE) with the Pearson type IV (P-IV) distribution is also considered, apart from the estimation with the Gaussianity assumption. Moreover, the daily density forecasts are generated in a non-parametric manner by propagating samples from the stochastic components iteratively through the available model. These strategies, involving different options for variance modeling and estimation, are compared in terms of their forecast performances on two representative phase currents from the low voltage cables of medium-to-low voltage transformers in the Netherlands. The results indicate that the QMLE with the Gaussianity assumption performs better due to the additional complexity of the P-IV distribution on estimation. Concerning the variance models, the piecewise constant and GARCH models are more preferable when processing phase currents exhibiting only daily seasonality, and the model as a power of the conditional mean outperforms the others if both daily and weekly seasonality and hence more complexity is present.
Original languageEnglish
Title of host publication2015 IEEE Conference on Systems and Control (CCA 2015), September 21-23, 2015, Sydney, Australia : Proceedings
Place of PublicationPiscataway
PublisherInstitute of Electrical and Electronics Engineers
Pages1564-1570
ISBN (Print)978-1-4799-7786-4
DOIs
Publication statusPublished - Sep 2015
Event2015 IEEE Conference on Control Applications (CCA 2015) - Novotel Manley, Sydney, Australia
Duration: 21 Sep 201523 Sep 2015

Conference

Conference2015 IEEE Conference on Control Applications (CCA 2015)
Abbreviated titleCCA 2015
CountryAustralia
CitySydney
Period21/09/1523/09/15

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