IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v275y2023ics0360544223008241.html
   My bibliography  Save this article

A novel approach based on integration of convolutional neural networks and echo state network for daily electricity demand prediction

Author

Listed:
  • Ghimire, Sujan
  • Nguyen-Huy, Thong
  • AL-Musaylh, Mohanad S.
  • Deo, Ravinesh C.
  • Casillas-Pérez, David
  • Salcedo-Sanz, Sancho

Abstract

Predicting electricity demand data is considered an essential task in decisions taking, and establishing new infrastructure in the power generation network. To deliver a high-quality electricity demand prediction, this paper proposes a hybrid combination technique, based on a deep learning model of Convolutional Neural Networks and Echo State Networks, named as CESN. Daily electricity demand data from four sites (Roderick, Rocklea, Hemmant and Carpendale), located in Southeast Queensland, Australia, have been used to develop the proposed hybrid prediction model. The study also analyzes five other machine learning-based models (support vector regression, multilayer perceptron, extreme gradient boosting, deep neural network, and Light Gradient Boosting) to compare and evaluate the outcomes of the proposed deep learning approach. The results obtained in the experimental study showed that the proposed hybrid deep learning model is able to obtain the highest performance compared to other existing models developed for daily electricity demand data forecasting. Based on the statistical approaches utilized in this study, the proposed hybrid approach presents the highest prediction accuracy among the compared models. The obtained results showed that the proposed hybrid deep learning algorithm is an excellent and accurate electricity demand forecasting method, which outperformed the state of the art algorithms that are currently used in this problem.

Suggested Citation

  • Ghimire, Sujan & Nguyen-Huy, Thong & AL-Musaylh, Mohanad S. & Deo, Ravinesh C. & Casillas-Pérez, David & Salcedo-Sanz, Sancho, 2023. "A novel approach based on integration of convolutional neural networks and echo state network for daily electricity demand prediction," Energy, Elsevier, vol. 275(C).
    • Handle: RePEc:eee:energy:v:275:y:2023:i:c:s0360544223008241
    DOI: 10.1016/j.energy.2023.127430
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544223008241
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2023.127430?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. AL-Musaylh, Mohanad S. & Deo, Ravinesh C. & Li, Yan & Adamowski, Jan F., 2018. "Two-phase particle swarm optimized-support vector regression hybrid model integrated with improved empirical mode decomposition with adaptive noise for multiple-horizon electricity demand forecasting," Applied Energy, Elsevier, vol. 217(C), pages 422-439.
    2. Jiang, Ping & Li, Ranran & Liu, Ningning & Gao, Yuyang, 2020. "A novel composite electricity demand forecasting framework by data processing and optimized support vector machine," Applied Energy, Elsevier, vol. 260(C).
    3. Sun, Shaolong & Qiao, Han & Wei, Yunjie & Wang, Shouyang, 2017. "A new dynamic integrated approach for wind speed forecasting," Applied Energy, Elsevier, vol. 197(C), pages 151-162.
    4. Massaoudi, Mohamed & Refaat, Shady S. & Chihi, Ines & Trabelsi, Mohamed & Oueslati, Fakhreddine S. & Abu-Rub, Haitham, 2021. "A novel stacked generalization ensemble-based hybrid LGBM-XGB-MLP model for Short-Term Load Forecasting," Energy, Elsevier, vol. 214(C).
    5. Wang, Yun & Zou, Runmin & Liu, Fang & Zhang, Lingjun & Liu, Qianyi, 2021. "A review of wind speed and wind power forecasting with deep neural networks," Applied Energy, Elsevier, vol. 304(C).
    6. Castillo, Victhalia Zapata & Boer, Harmen-Sytze de & Muñoz, Raúl Maícas & Gernaat, David E.H.J. & Benders, René & van Vuuren, Detlef, 2022. "Future global electricity demand load curves," Energy, Elsevier, vol. 258(C).
    7. Mohanad S. Al-Musaylh & Ravinesh C. Deo & Yan Li, 2020. "Electrical Energy Demand Forecasting Model Development and Evaluation with Maximum Overlap Discrete Wavelet Transform-Online Sequential Extreme Learning Machines Algorithms," Energies, MDPI, vol. 13(9), pages 1-19, May.
    8. Chen, Yongbao & Zhang, Lixin & Xu, Peng & Di Gangi, Alessandra, 2021. "Electricity demand response schemes in China: Pilot study and future outlook," Energy, Elsevier, vol. 224(C).
    9. Lee, Yi-Shian & Tong, Lee-Ing, 2012. "Forecasting nonlinear time series of energy consumption using a hybrid dynamic model," Applied Energy, Elsevier, vol. 94(C), pages 251-256.
    10. Ghimire, Sujan & Deo, Ravinesh C. & Casillas-Pérez, David & Salcedo-Sanz, Sancho, 2022. "Improved Complete Ensemble Empirical Mode Decomposition with Adaptive Noise Deep Residual model for short-term multi-step solar radiation prediction," Renewable Energy, Elsevier, vol. 190(C), pages 408-424.
    11. Adeoye, Omotola & Spataru, Catalina, 2019. "Modelling and forecasting hourly electricity demand in West African countries," Applied Energy, Elsevier, vol. 242(C), pages 311-333.
    12. Liu, Nian & Tang, Qingfeng & Zhang, Jianhua & Fan, Wei & Liu, Jie, 2014. "A hybrid forecasting model with parameter optimization for short-term load forecasting of micro-grids," Applied Energy, Elsevier, vol. 129(C), pages 336-345.
    13. AL-Musaylh, Mohanad S. & Deo, Ravinesh C. & Adamowski, Jan F. & Li, Yan, 2019. "Short-term electricity demand forecasting using machine learning methods enriched with ground-based climate and ECMWF Reanalysis atmospheric predictors in southeast Queensland, Australia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 113(C), pages 1-1.
    14. Ghofrani, M. & Ghayekhloo, M. & Arabali, A. & Ghayekhloo, A., 2015. "A hybrid short-term load forecasting with a new input selection framework," Energy, Elsevier, vol. 81(C), pages 777-786.
    15. Gao, Tian & Niu, Dongxiao & Ji, Zhengsen & Sun, Lijie, 2022. "Mid-term electricity demand forecasting using improved variational mode decomposition and extreme learning machine optimized by sparrow search algorithm," Energy, Elsevier, vol. 261(PB).
    16. Abul Abrar Masrur Ahmed & Ravinesh C. Deo & Sujan Ghimire & Nathan J. Downs & Aruna Devi & Prabal D. Barua & Zaher M. Yaseen, 2022. "Introductory Engineering Mathematics Students’ Weighted Score Predictions Utilising a Novel Multivariate Adaptive Regression Spline Model," Sustainability, MDPI, vol. 14(17), pages 1-27, September.
    17. Diebold, Francis X & Mariano, Roberto S, 2002. "Comparing Predictive Accuracy," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(1), pages 134-144, January.
    18. McKenzie, Jordi, 2011. "Mean absolute percentage error and bias in economic forecasting," Economics Letters, Elsevier, vol. 113(3), pages 259-262.
    19. Despotovic, Milan & Nedic, Vladimir & Despotovic, Danijela & Cvetanovic, Slobodan, 2015. "Review and statistical analysis of different global solar radiation sunshine models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 1869-1880.
    20. Pan, Tao & Wu, Shaohong & Dai, Erfu & Liu, Yujie, 2013. "Estimating the daily global solar radiation spatial distribution from diurnal temperature ranges over the Tibetan Plateau in China," Applied Energy, Elsevier, vol. 107(C), pages 384-393.
    21. Ghimire, Sujan & Deo, Ravinesh C. & Casillas-Pérez, David & Salcedo-Sanz, Sancho, 2022. "Boosting solar radiation predictions with global climate models, observational predictors and hybrid deep-machine learning algorithms," Applied Energy, Elsevier, vol. 316(C).
    22. Clements, A.E. & Hurn, A.S. & Li, Z., 2016. "Forecasting day-ahead electricity load using a multiple equation time series approach," European Journal of Operational Research, Elsevier, vol. 251(2), pages 522-530.
    23. Seunghyoung Ryu & Jaekoo Noh & Hongseok Kim, 2016. "Deep Neural Network Based Demand Side Short Term Load Forecasting," Energies, MDPI, vol. 10(1), pages 1-20, December.
    24. Zamanipour, Behzad & Ghadaksaz, Hesam & Keppo, Ilkka & Saboohi, Yadollah, 2023. "Electricity supply and demand dynamics in Iran considering climate change-induced stresses," Energy, Elsevier, vol. 263(PE).
    25. Hussain, Anwar & Rahman, Muhammad & Memon, Junaid Alam, 2016. "Forecasting electricity consumption in Pakistan: the way forward," Energy Policy, Elsevier, vol. 90(C), pages 73-80.
    26. Hu, Yusha & Li, Jigeng & Hong, Mengna & Ren, Jingzheng & Man, Yi, 2022. "Industrial artificial intelligence based energy management system: Integrated framework for electricity load forecasting and fault prediction," Energy, Elsevier, vol. 244(PB).
    27. Ehsan Hoseinzade & Saman Haratizadeh & Arash Khoeini, 2019. "U-CNNpred: A Universal CNN-based Predictor for Stock Markets," Papers 1911.12540, arXiv.org.
    28. Carneiro, Tatiane C. & Rocha, Paulo A.C. & Carvalho, Paulo C.M. & Fernández-Ramírez, Luis M., 2022. "Ridge regression ensemble of machine learning models applied to solar and wind forecasting in Brazil and Spain," Applied Energy, Elsevier, vol. 314(C).
    29. McLoughlin, Fintan & Duffy, Aidan & Conlon, Michael, 2013. "Evaluation of time series techniques to characterise domestic electricity demand," Energy, Elsevier, vol. 50(C), pages 120-130.
    30. Sujan Ghimire & Ravinesh C. Deo & Hua Wang & Mohanad S. Al-Musaylh & David Casillas-Pérez & Sancho Salcedo-Sanz, 2022. "Stacked LSTM Sequence-to-Sequence Autoencoder with Feature Selection for Daily Solar Radiation Prediction: A Review and New Modeling Results," Energies, MDPI, vol. 15(3), pages 1-39, January.
    31. Dedinec, Aleksandra & Filiposka, Sonja & Dedinec, Aleksandar & Kocarev, Ljupco, 2016. "Deep belief network based electricity load forecasting: An analysis of Macedonian case," Energy, Elsevier, vol. 115(P3), pages 1688-1700.
    32. Wang, Lin & Hu, Huanling & Ai, Xue-Yi & Liu, Hua, 2018. "Effective electricity energy consumption forecasting using echo state network improved by differential evolution algorithm," Energy, Elsevier, vol. 153(C), pages 801-815.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ivan S. Maksymov, 2023. "Analogue and Physical Reservoir Computing Using Water Waves: Applications in Power Engineering and Beyond," Energies, MDPI, vol. 16(14), pages 1-26, July.
    2. Siti Rosilah Arsad & Muhamad Haziq Hasnul Hadi & Nayli Aliah Mohd Afandi & Pin Jern Ker & Shirley Gee Hoon Tang & Madihah Mohd Afzal & Santhi Ramanathan & Chai Phing Chen & Prajindra Sankar Krishnan &, 2023. "The Impact of COVID-19 on the Energy Sector and the Role of AI: An Analytical Review on Pre- to Post-Pandemic Perspectives," Energies, MDPI, vol. 16(18), pages 1-31, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ghimire, Sujan & Deo, Ravinesh C. & Casillas-Pérez, David & Salcedo-Sanz, Sancho, 2022. "Boosting solar radiation predictions with global climate models, observational predictors and hybrid deep-machine learning algorithms," Applied Energy, Elsevier, vol. 316(C).
    2. Ghimire, Sujan & Deo, Ravinesh C. & Casillas-Pérez, David & Salcedo-Sanz, Sancho, 2022. "Improved Complete Ensemble Empirical Mode Decomposition with Adaptive Noise Deep Residual model for short-term multi-step solar radiation prediction," Renewable Energy, Elsevier, vol. 190(C), pages 408-424.
    3. Wu, Han & Liang, Yan & Heng, Jiani, 2023. "Pulse-diagnosis-inspired multi-feature extraction deep network for short-term electricity load forecasting," Applied Energy, Elsevier, vol. 339(C).
    4. Dai, Yeming & Yang, Xinyu & Leng, Mingming, 2022. "Forecasting power load: A hybrid forecasting method with intelligent data processing and optimized artificial intelligence," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    5. Wang, Deyun & Yue, Chenqiang & ElAmraoui, Adnen, 2021. "Multi-step-ahead electricity load forecasting using a novel hybrid architecture with decomposition-based error correction strategy," Chaos, Solitons & Fractals, Elsevier, vol. 152(C).
    6. Wei-Chiang Hong & Guo-Feng Fan, 2019. "Hybrid Empirical Mode Decomposition with Support Vector Regression Model for Short Term Load Forecasting," Energies, MDPI, vol. 12(6), pages 1-16, March.
    7. Anh Ngoc-Lan Huynh & Ravinesh C. Deo & Duc-Anh An-Vo & Mumtaz Ali & Nawin Raj & Shahab Abdulla, 2020. "Near Real-Time Global Solar Radiation Forecasting at Multiple Time-Step Horizons Using the Long Short-Term Memory Network," Energies, MDPI, vol. 13(14), pages 1-30, July.
    8. Velasquez, Carlos E. & Zocatelli, Matheus & Estanislau, Fidellis B.G.L. & Castro, Victor F., 2022. "Analysis of time series models for Brazilian electricity demand forecasting," Energy, Elsevier, vol. 247(C).
    9. Yuanyuan Zhou & Min Zhou & Qing Xia & Wei-Chiang Hong, 2019. "Construction of EMD-SVR-QGA Model for Electricity Consumption: Case of University Dormitory," Mathematics, MDPI, vol. 7(12), pages 1-23, December.
    10. Ismail Shah & Hasnain Iftikhar & Sajid Ali & Depeng Wang, 2019. "Short-Term Electricity Demand Forecasting Using Components Estimation Technique," Energies, MDPI, vol. 12(13), pages 1-17, July.
    11. Du, Pei & Guo, Ju'e & Sun, Shaolong & Wang, Shouyang & Wu, Jing, 2022. "A novel two-stage seasonal grey model for residential electricity consumption forecasting," Energy, Elsevier, vol. 258(C).
    12. Bellido-Jiménez, Juan Antonio & Estévez Gualda, Javier & García-Marín, Amanda Penélope, 2021. "Assessing new intra-daily temperature-based machine learning models to outperform solar radiation predictions in different conditions," Applied Energy, Elsevier, vol. 298(C).
    13. Jasiński, Tomasz, 2022. "A new approach to modeling cycles with summer and winter demand peaks as input variables for deep neural networks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 159(C).
    14. Lalitpat Aswanuwath & Warut Pannakkong & Jirachai Buddhakulsomsiri & Jessada Karnjana & Van-Nam Huynh, 2023. "A Hybrid Model of VMD-EMD-FFT, Similar Days Selection Method, Stepwise Regression, and Artificial Neural Network for Daily Electricity Peak Load Forecasting," Energies, MDPI, vol. 16(4), pages 1-24, February.
    15. Debnath, Kumar Biswajit & Mourshed, Monjur, 2018. "Forecasting methods in energy planning models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 88(C), pages 297-325.
    16. Østergaard, P.A. & Lund, H. & Thellufsen, J.Z. & Sorknæs, P. & Mathiesen, B.V., 2022. "Review and validation of EnergyPLAN," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    17. Hu, Junjie & López Cabrera, Brenda & Melzer, Awdesch, 2021. "Advanced statistical learning on short term load process forecasting," IRTG 1792 Discussion Papers 2021-020, Humboldt University of Berlin, International Research Training Group 1792 "High Dimensional Nonstationary Time Series".
    18. Sun, Shaolong & Wang, Shouyang & Wei, Yunjie, 2019. "A new multiscale decomposition ensemble approach for forecasting exchange rates," Economic Modelling, Elsevier, vol. 81(C), pages 49-58.
    19. Arim Jin & Dahan Lee & Jong-Bae Park & Jae Hyung Roh, 2023. "Day-Ahead Electricity Market Price Forecasting Considering the Components of the Electricity Market Price; Using Demand Decomposition, Fuel Cost, and the Kernel Density Estimation," Energies, MDPI, vol. 16(7), pages 1-19, April.
    20. Feng, Qianqian & Sun, Xiaolei & Hao, Jun & Li, Jianping, 2021. "Predictability dynamics of multifactor-influenced installed capacity: A perspective of country clustering," Energy, Elsevier, vol. 214(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:275:y:2023:i:c:s0360544223008241. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.