Time Series Clustering of Electricity Demand for Industrial Areas on Smart Grid

This study forecasts electricity demand in a smart grid environment. We present a prediction method that uses a combination of forecasting values based on time-series clustering. The clustering of normalized periodogram-based distances and autocorrelation-based distances are proposed as the time-series clustering methods. Trigonometrical transformation, Box-Cox transformation, autoregressive moving average (ARMA) errors, trend and seasonal components (TBATS), double seasonal Holt-Winters (DSHW), fractional autoregressive integrated moving average (FARIMA), ARIMA with regression (Reg-ARIMA), and neural network nonlinear autoregressive (NN-AR) are used for demand forecasting based on clustering. The results show that the time-series clustering method performs better than the method using the total amount of electricity demand in terms of the mean absolute percentage error (MAPE).