Energy, Vol.167, 1144-1154, 2019
Long-term electricity consumption forecasting based on expert prediction and fuzzy Bayesian theory
Long-term electricity consumption (EC) forecasting is a very important part for the expansion planning of power system. Instead of point forecasting, based on fuzzy Bayesian theory and expert prediction, a novel long-term probability forecasting model is proposed to predict the Chinese per-capita electricity consumption (PEC) and its variation interval over the period 2010-2030. The special model structure can improve the reliability and accuracy of expert prediction through econometric methodology. It contains three components: fuzzy relation matrix, prior prediction, and fuzzy Bayesian formula. To contend with the long-term uncertainty, the prior prediction is implemented to combine the advantages of expert's experience with other time-based methods from the perspective of probability. With the utilization of fuzzy technique, the multiple effects of influencing factors (IFs) on PEC can be expressed as a fuzzy relation matrix. It can rule the results of prior prediction to obey the long-run equilibrium relationship of natural evolution thorough probability calibration. To demonstrate its efficiency and applicability, the result of this method is compared with that of other 6 approaches and 4 agencies. The case study shows that the proposed methodology has higher accuracy and adaptability. (C) 2018 Elsevier Ltd. All rights reserved.