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The ultimate goal of an electric utility is to create maximum profit while maintaining reliability and security of the power supply. The operation and control of power system is sensitive to system demand. Therefore, improvements in load-forecasting accuracy will lead to cost savings and enhance system security. Due to Taiwan's distinct climate characteristics, it is difficult to obtain satisfactory...
This paper proposes a multi-region short-term load forecasting methodology, taking into account the Heat Index, a human-perceived equivalent temperature, to improve the load forecasting accuracy in Taiwan Power Company's (Taipower's) system. With the distinct climate characteristics due to Taiwan's long and narrow topography, it is difficult to obtain satisfactory load forecasting results by treating...
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