I. Introduction
The balance between the generated power and the actual demand is very important for the reliability of the power system. The generation scheduling is affected by the short term load forecasting and hence the short term load forecasting affects the reliability of the power system. The short term load forecasting also affects the economic operation of the power system. During the peak loads, the energy prices may be increased by a factor of ten or more [1]. For these reasons and since several countries have moved from the regulated energy markets to the deregulated energy markets, obtaining an accurate load forecasting became very important issue for the decision making processes of any electric utility [2]. However, having an accurate load forecasting is not an easy task due to the uncertainty imposed by the existence of exogenous variables such as the weather conditions.