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This paper presents a novel hybrid method for short-term load forecasting. The system comprises of two artificial neural networks (ANN), assembled in a hierarchical order. The first ANN is a multilayer perceptron (MLP) which functions as integrated load predictor (ILP) for the forecasting day. The output of the ILP is then fed to another, more complex MLP, which acts as an hourly load predictor (HLP) for a forecasting day. By using a separate ANN that predicts the integral of the load (ILP), additional information is presented to the actual forecasting ANN (HLP), while keeping its input space relatively small. This property enables online training and adaptation, as new data become available, because of the short training time. Different sizes of training sets have been tested, and the optimum of 30 day sliding time-window has been determined. The system has been verified on recorded data from Serbian electrical utility company. The results demonstrate better efficiency of the proposed method in comparison to non-hybrid methods because it produces better forecasts and yields smaller mean average percentage error.