Efficiency of Using Artificial Neural Network for Short-Term Load Forecasting

Using artificial neural networks (ANN) for short-term load forecasting is an efficient method to get the best result. Considered problem of short-term load forecasting shows that the accuracy of short-term forecasting models and methods significantly influences on the further planning of operating conditions at the modern electricity market. The obtained error for short-term load forecasting using the neural network algorithm is 2.78%.