A Novel RBF Training Algorithm for Short-Term Electric Load Forecasting and Comparative Studies

Because of their excellent scheduling capabilities, artificial neural networks (ANNs) are becoming popular in short-term electric power system forecasting, which is essential for ensuring both efficient and reliable operations and full exploitation of electrical energy trading as well. For such a reason, this paper investigates the effectiveness of some of the newest designed algorithms in machine learning to train typical radial basis function (RBF) networks for 24-h electric load forecasting: support vector regression (SVR), extreme learning machines (ELMs), decay RBF neural networks (DRNNs), improves second order, and error correction, drawing some conclusions useful for practical implementations.