In smart grid management, precise stability prediction is a complicated task that adds to the effective allocation of resources with grid stability. Specifically, demand-side management is considered an essential element of the overall Smart Grids system. Hence, predicting future energy demands is crucial to regulating consumption by aligning utility offerings with consumer demand. This research presents a hybrid deep learning model (Convolutional Neural Network [CNN] with Bi-LSTM) with a two-way attention method and a multi-objective particle swarm optimization method (MPSO) for short-term load prediction from a smart grid. The proposed hybrid model utilizes a two-way attention method at its encoding and decoding stages, in which an encoding attention layer helps to recognize all the essential features from an input vector, and a decoding attention layer helps to resolve the fixed context vector problem by offering better memory capacity. A CNN and Bi-LSTM are used to capture the essential features from the dataset. We also utilize a t-Nearest Neighbours algorithm to pre-process the initial dataset. An MPSO method combines the features of CNN and Bi-LSTM methods, resulting in better prediction accuracy. As far as we know, it is the first work to suggest a dynamic short-term load prediction model that considers different significant features and enables precise predicting outcomes. The performance of the proposed model and existing well-known deep learning models such as Recurrent Neural Network, Gated Recurrent Unit, Long Short-Term Memory (LSTM), Time Series Transformer, CNN-LSTM and various performance measuring parameters MAE, MSE, MAPE and RMSE are calculated on online UCI dataset (Electrical Grid Stability Simulated Dataset). The proposed hybrid model achieved a better prediction result, which proves the efficiency of the proposed model.
Read full abstract