Energy consumption forecast in peer to peer energy trading

Author:

Hassan Hend G.,Shahin Ahmed A.,Ziedan Ibrahim E.

Abstract

AbstractThis study predicts future values of energy consumption demand from a novel dataset that includes the energy consumption during COVID-19 lockdown, using up-to-date deep learning algorithms to reduce peer-to-peer energy system losses and congestion. Three learning algorithms, namely Random Forest (RF), Bi-LSTM, and GRU, were used to predict the future values of a building’s energy consumption. The results were compared using the RMSE and MAE evaluation metrics. The results show that predicting the future energy demand with accurate results is achievable, and that Bi-LSTM and GRU perform better, especially when trained as univariate models with only the energy consumption values and no other features included.

Funder

Zagazig University

Publisher

Springer Science and Business Media LLC

Subject

General Earth and Planetary Sciences,General Physics and Astronomy,General Engineering,General Environmental Science,General Materials Science,General Chemical Engineering

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