Deep learning-driven hybrid model for short-term load forecasting and smart grid information management

Abstract

AbstractAccurate power load forecasting is crucial for the sustainable operation of smart grids. However, the complexity and uncertainty of load, along with the large-scale and high-dimensional energy information, present challenges in handling intricate dynamic features and long-term dependencies. This paper proposes a computational approach to address these challenges in short-term power load forecasting and energy information management, with the goal of accurately predicting future load demand. The study introduces a hybrid method that combines multiple deep learning models, the Gated Recurrent Unit (GRU) is employed to capture long-term dependencies in time series data, while the Temporal Convolutional Network (TCN) efficiently learns patterns and features in load data. Additionally, the attention mechanism is incorporated to automatically focus on the input components most relevant to the load prediction task, further enhancing model performance. According to the experimental evaluation conducted on four public datasets, including GEFCom2014, the proposed algorithm outperforms the baseline models on various metrics such as prediction accuracy, efficiency, and stability. Notably, on the GEFCom2014 dataset, FLOP is reduced by over 48.8%, inference time is shortened by more than 46.7%, and MAPE is improved by 39%. The proposed method significantly enhances the reliability, stability, and cost-effectiveness of smart grids, which facilitates risk assessment optimization and operational planning under the context of information management for smart grid systems.