Entropy-Infused Deep Learning Loss Function for Capturing Extreme Values in Wind Power Forecasting
Extreme scenarios in wind power generation occur with higher frequency and larger magnitude in the recent years due to the ever-increasing extreme meteorological factors. Accurate forecasting of the occurrence of extreme values in wind power generation is of great concern to ensure reliable power system operation. Recently, deep learning models have surged in popularity for wind power forecasting, with the mean squared error (MSE) loss function being commonly used. However, the MSE loss function, being sensitive to extreme values, disproportionately penalizes larger errors, cannot adequately capture the extreme values present in wind energy data, and novel loss functions have seldom been tailored for wind power forecasting. To this end, in this paper, we introduce a novel loss function specifically crafted to capture extreme values in wind power forecasting. The experimental results with four fundamental deep learning methods on open source wind power dataset validate that the new loss function is efficient and superior in all cases compared to MSE in capturing extreme values while maintaining forecasting performance.