Hyperparameter Optimization of Regression Model for Electrical Load Forecasting During the COVID-19 Pandemic Lockdown Period
Unknown authors
Abstract
Due to global lockdown policies implemented against COVID-19, there has been an impact on electricity consumption.Several countries have emphasized the significance of ensuring electricity supply security during the pandemic to maintain the livelihood of people.Accurate forecasting of electricity demand plays a crucial role in ensuring energy security across all nations; accordingly to achieve this objective, this study employs metaheuristics optimization algorithms to enhance the prediction model's operation, such as Support Vector Machine (SVM), K-Nearest Neighbors (KNN), and Random Forest (RF), at an optimized level to minimize errors.Two metaheuristics optimization methods, Particle Swarm Optimization (PSO) and Genetic Algorithms (GA), are utilized.The suggested prediction models are trained using daily power usage data from three US urban regions.In terms of prediction accuracy, the findings show that KNN with PSO surpasses the other models.The COVID-19 pandemic reduced power usage by 20% relative to pre-pandemic levels.