Year: 2016
Type: conference-paper
Abstract: Ensuring sustainability demands more efficient energy management with minimized energy wastage. Therefore, the power grid of the future should provide an unprecedented level of flexibility in energy management. To that end, intelligent decision making requires accurate predictions of future energy demand/load, both at aggregate and individual site level. Thus, energy load forecasting have received increased attention in the recent past. However, it has proven to be a difficult problem. This paper presents a novel energy load forecasting methodology based on Deep Neural Networks, specifically, Long Short Term Memory (LSTM) algorithms. The presented work investigates two LSTM based architectures: 1) standard LSTM and 2) LSTM-based Sequence to Sequence (S2S) architecture. Both methods were implemented on a benchmark data set of electricity consumption data from one residential customer. Both architectures were trained and tested on one hour and one-minute time-step resolution datasets. Experimental results showed that the standard LSTM failed at one-minute resolution data while performing well in one-hour resolution data. It was shown that S2S architecture performed well on both datasets. Further, it was shown that the presented methods produced comparable results with the other deep learning methods for energy forecasting in literature.
Authors: Daniel L. Marino, Kasun Amarasinghe, Milos Manic
Institution: Virginia Commonwealth University
Language: English
Subfield: Electrical and Electronic Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W2543643230