Prediction study of electric energy production in important power production base, China

Abstract

AbstractXinjiang is an important power production base in China, and its electric energy production needs not only meet the demand of Xinjiang's electricity consumption, but also make up for the shortage of electricity in at least 19 provinces or cities in China. Therefore, it is of great significance to know ahead of time the electric energy production of Xinjiang in the future. In such terms, accurate electric energy production forecasts are imperative for decision makers to develop an optimal strategy that includes not only risk reduction, but also the betterment of the economy and society as a whole. According to the characteristics of the historical data of monthly electricity generation in Xinjiang from January 2001 to August 2020 , the suitable and widely used SARIMA (Seasonal autoregressive integrated moving mean model) method and Holt-winter method were used to construct the monthly electric energy production in Xinjiang for the first time. The results of our analysis showed that the established SARIMA((1,2,3,4,6,7,11),2,1)(1,0,1)12 model had higher prediction accuracy than that of the established Holt-Winters' multiplicative model. We predicted the monthly electric energy production from August 2021 to August 2022 by the SARIMA((1,2,3,4,6,7,11),2,1)(1,0,1)12 model, and errors are very small compared to the actual values, indicating that our model has a very good prediction performance. Therefore, based on our study, we provided a simple and easy scientific tool for the future power output prediction in Xinjiang. Our research methods and research ideas can also provide scientific reference for the prediction of electric energy production elsewhere.