FORECASTING ELECTRIC CONSUMPTION OF THE ENTERPRISE USING ARTIFICIAL NEURAL NETWORKS

Abstract

Energy consumption has increased dramatically over the past century due to many factors, including both technological, social and economic factors. Therefore, predicting energy consumption is of great importance for many parameters, including planning, management, optimization and conservation. Data-driven models for predicting energy consumption have grown significantly over the past several decades due to their improved performance, reliability, and ease of deployment. Artificial neural networks are among the most popular data-driven approaches among the many different types of models today. This article discusses the possibility of using artificial neural networks for medium-term forecasting of the power consumption of an enterprise. The task of constructing an artificial neural network using a feedback algorithm for training a network based on the Matlab mathematical package has been implemented. The authors have analyzed such characteristics as parameter setting, implementation complexity, learning rate, convergence of the result, forecasting accuracy, and stability. The results obtained led to the conclusion that the feedback algorithm is well suited for medium-term forecasting of power consumption.