Prediction of Load Demand in Home Area Network Using LSTM

Abstract

Load forecasting is one of the most important tools for the energy management system in the modern world. Forecasting power consumption and load demand calculation became an interesting topic for the stakeholders in the electricity market. Decision-making in purchasing and generating electric power, load switching, and demand side management are dependent on load forecasting. This research work focuses on the prediction of power consumption in a Home Area Network (HAN) using time series forecasting methods like Long short-term memory (LSTM) neural Networks. Our goal was to design a model that could precisely forecast the electrical load required in a Home Area Network. Utility companies and homeowners can utilize this model to better plan and control their power usage. It can assist in lowering the likelihood of power outages and enhancing the effectiveness of the electrical system. The Root Mean Squared Error (RMSE) is used as the performance measure in our work. The dataset considered is from the UCI repository with 350400 rows and 4 parameters such as active power, and 3 submetering values, to achieve realistic data for training the model used the encoder-decoder LSTM model for load prediction and achieved an RMSE value of 23 and an MAE value of 18.6.