Short term energy consumption forecasting using neural basis expansion analysis for interpretable time series

Smart grids and smart homes are getting people\u27s attention in the modern era of smart cities. The advancements of smart technologies and smart grids have created challenges related to energy efficiency and production according to the future demand of clients. Machine learning, specifically neural network-based methods, remained successful in energy consumption prediction, but still, there are gaps due to uncertainty in the data and limitations of the algorithms. Research published in the literature has used small datasets and profiles of primarily single users; therefore, models have difficulties when applied to large datasets with profiles of different customers. Thus, a smart grid environment requires a model that handles consumption data from thousands of customers. The proposed model enhances the newly introduced method of Neural Basis Expansion Analysis for interpretable Time Series (N-BEATS) with a big dataset of energy consumption of 169 customers. Further, to validate the results of the proposed model, a performance comparison has been carried out with the Long Short Term Memory (LSTM), Blocked LSTM, Gated Recurrent Units (GRU), Blocked GRU and Temporal Convolutional Network (TCN). The proposed interpretable model improves the prediction accuracy on the big dataset containing energy consumption profiles of multiple customers. Incorporating covariates into the model improved accuracy by learning past and future energy consumption patterns. Based on a large dataset, the proposed model performed better for daily, weekly, and monthly energy consumption predictions. The forecasting accuracy of the N-BEATS interpretable model for 1-day-ahead energy consumption with day as covariates remained better than the 1, 2, 3, and 4-week scenarios

A Review on Energy Consumption Optimization Techniques in IoT Based Smart Building Environments

In recent years, due to the unnecessary wastage of electrical energy in residential buildings, the requirement of energy optimization and user comfort has gained vital importance. In the literature, various techniques have been proposed addressing the energy optimization problem. The goal of each technique was to maintain a balance between user comfort and energy requirements such that the user can achieve the desired comfort level with the minimum amount of energy consumption. Researchers have addressed the issue with the help of different optimization algorithms and variations in the parameters to reduce energy consumption. To the best of our knowledge, this problem is not solved yet due to its challenging nature. The gap in the literature is due to the advancements in the technology and drawbacks of the optimization algorithms and the introduction of different new optimization algorithms. Further, many newly proposed optimization algorithms which have produced better accuracy on the benchmark instances but have not been applied yet for the optimization of energy consumption in smart homes. In this paper, we have carried out a detailed literature review of the techniques used for the optimization of energy consumption and scheduling in smart homes. The detailed discussion has been carried out on different factors contributing towards thermal comfort, visual comfort, and air quality comfort. We have also reviewed the fog and edge computing techniques used in smart homes

Management and Control of Domestic Smart Grid Technology

Emerging new technologies like distributed generation, distributed storage, and demand-side load management will change the way we consume and produce energy. These techniques enable the possibility to reduce the greenhouse effect and improve grid stability by optimizing energy streams. By smartly applying future energy production, consumption, and storage techniques, a more energy-efficient electricity supply chain can be achieved. In this paper a three-step control methodology is proposed to manage the cooperation between these technologies, focused on domestic energy streams. In this approach, (global) objectives like peak shaving or forming a virtual power plant can be achieved without harming the comfort of residents. As shown in this work, using good predictions, in advance planning and real-time control of domestic appliances, a better matching of demand and supply can be achieved.\ud \u

Efficient ICT for efficient smart grids

In this extended abstract the need for efficient and reliable ICT is discussed. Efficiency of ICT not only deals with energy-efficient ICT hardware, but also deals with efficient algorithms, efficient design methods, efficient networking infrastructures, etc. Efficient and reliable ICT is a prerequisite for efficient Smart Grids. Unfortunately, efficiency and reliability have not always received the proper attention in the ICT domain in the past

Smart Grid Technologies in Europe: An Overview

The old electricity network infrastructure has proven to be inadequate, with respect to modern challenges such as alternative energy sources, electricity demand and energy saving policies. Moreover, Information and Communication Technologies (ICT) seem to have reached an adequate level of reliability and flexibility in order to support a new concept of electricity network—the smart grid. In this work, we will analyse the state-of-the-art of smart grids, in their technical, management, security, and optimization aspects. We will also provide a brief overview of the regulatory aspects involved in the development of a smart grid, mainly from the viewpoint of the European Unio

Distributed MPC for coordinated energy efficiency utilization in microgrid systems

To improve the renewable energy utilization of distributed microgrid systems, this paper presents an optimal distributed model predictive control strategy to coordinate energy management among microgrid systems. In particular, through information exchange among systems, each microgrid in the network, which includes renewable generation, storage systems, and some controllable loads, can maintain its own systemwide supply and demand balance. With our mechanism, the closed-loop stability of the distributed microgrid systems can be guaranteed. In addition, we provide evaluation criteria of renewable energy utilization to validate our proposed method. Simulations show that the supply demand balance in each microgrid is achieved while, at the same time, the system operation cost is reduced, which demonstrates the effectiveness and efficiency of our proposed policy.Accepted manuscrip