Week Ahead Electricity Power and Price Forecasting Using Improved DenseNet-121 Method
Muhammad Irfan1, Ali Raza2,*, Faisal Althobiani3, Nasir Ayub4,5, Muhammad Idrees6, Zain Ali7, Kashif Rizwan4, Abdullah Saeed Alwadie1, Saleh Mohammed Ghonaim3, Hesham Abdushkour3, Saifur Rahman1, Omar Alshorman1, Samar Alqhtani8
CMC-Computers, Materials & Continua, Vol.72, No.3, pp. 4249-4265, 2022, DOI:10.32604/cmc.2022.025863
- 21 April 2022
Abstract In the Smart Grid (SG) residential environment, consumers change their power consumption routine according to the price and incentives announced by the utility, which causes the prices to deviate from the initial pattern. Thereby, electricity demand and price forecasting play a significant role and can help in terms of reliability and sustainability. Due to the massive amount of data, big data analytics for forecasting becomes a hot topic in the SG domain. In this paper, the changing and non-linearity of consumer consumption pattern complex data is taken as input. To minimize the computational cost and… More >