Abstract

Electric energy forecasting domain attracts researchers due to its key role in saving energy resources, where mainstream existing models are based on Gradient Boosting Regression (GBR), Artificial Neural Networks (ANNs), Extreme Learning Machine (ELM) and Support Vector Machine (SVM). These models encounter high-level of non-linearity between input data and output predictions and limited adoptability in real-world scenarios. Meanwhile, energy forecasting domain demands more robustness, higher prediction accuracy and generalization ability for real-world implementation. In this paper, we achieve the mentioned tasks by developing a hybrid sequential learning-based energy forecasting model that employs Convolution Neural Network (CNN) and Gated Recurrent Units (GRU) into a unified framework for accurate energy consumption prediction. The proposed framework has two major phases: (1) data refinement and (2) training, where the data refinement phase applies preprocessing strategies over raw data. In the training phase, CNN features are extracted from input dataset and fed in to GRU, that is selected as optimal and observed to have enhanced sequence learning abilities after extensive experiments. The proposed model is an effective alternative to the previous hybrid models in terms of computational complexity as well prediction accuracy, due to the representative features' extraction potentials of CNNs and effectual gated structure of multi-layered GRU. The experimental evaluation over existing energy forecasting datasets reveal the better performance of our method in terms of preciseness and efficiency. The proposed method achieved the smallest error rate on Appliances Energy Prediction (AEP) and Individual Household Electric Power Consumption (IHEPC) datasets, when compared to other baseline models.

Highlights

  • Since last two decades, electricity consumption has overwhelmingly increased around the globe due to economic developments and growing population

  • In this research, we proposed a hybrid (CNN-Gated Recurrent Units (GRU)) electricity consumption prediction model and evaluated its performance over several benchmark datasets

  • PROPOSED Convolution Neural Network (CNN)-GRU ARCHITECTURE In this research, we developed a two-step framework for short-term electricity consumption prediction

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Summary

Introduction

Electricity consumption has overwhelmingly increased around the globe due to economic developments and growing population. Accurate electricity consumption prediction is essential for appropriate energy supply, its capacity expansion, revenue analysis, capital investment and market research management. The large number of uncertainties such as long-term prediction for last two decades have impaired the interest of scientists and the continuous development of new approaches for more accurate and reliable future energy consumption predictions. Future energy consumption prediction is a time series problem, comprising of univariate or multivariate features. Due to the seasonal variation in time series data patterns and irregular trend components, traditional machine learning techniques fail to learn data sequential patterns for accurate energy forecasting in [2].

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