Research on Electricity Load Forecasting Based on LSTM Networks and BP Networks

Abstract

The aim of this study is to compare the performance of Long Short-Term Memory (LSTM) network with Back Propagation Neural Network (BP network) for electricity load forecasting. Two prediction methods are used in the study: the first one uses a sliding window approach to predict the load of the next hour using the electricity load data of the past 24 hours and external factors such as temperature and humidity; the second one uses the data of the same time point of the past 24 days to predict the load of the corresponding time point of the next day. The results show that in the first method, the BP network outperforms the LSTM in prediction; while in the second method, both networks perform poorly, but the LSTM network outperforms the BP network in prediction. This finding provides new insights into power load forecasting, which is important for power system efficiency and reliability improvement.