IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v16y2023i3p1404-d1052682.html
   My bibliography  Save this article

Load Forecasting Models in Smart Grid Using Smart Meter Information: A Review

Author

Listed:
  • Fanidhar Dewangan

    (Department of Electrical Engineering, National Institute of Technology Raipur, Chhattisgarh 492010, India)

  • Almoataz Y. Abdelaziz

    (Faculty of Engineering & Technology, Future University in Egypt, Cairo 11835, Egypt)

  • Monalisa Biswal

    (Department of Electrical Engineering, National Institute of Technology Raipur, Chhattisgarh 492010, India)

Abstract

The smart grid concept is introduced to accelerate the operational efficiency and enhance the reliability and sustainability of power supply by operating in self-control mode to find and resolve the problems developed in time. In smart grid, the use of digital technology facilitates the grid with an enhanced data transportation facility using smart sensors known as smart meters. Using these smart meters, various operational functionalities of smart grid can be enhanced, such as generation scheduling, real-time pricing, load management, power quality enhancement, security analysis and enhancement of the system, fault prediction, frequency and voltage monitoring, load forecasting, etc. From the bulk data generated in a smart grid architecture, precise load can be predicted before time to support the energy market. This supports the grid operation to maintain the balance between demand and generation, thus preventing system imbalance and power outages. This study presents a detailed review on load forecasting category, calculation of performance indicators, the data analyzing process for load forecasting, load forecasting using conventional meter information, and the technology used to conduct the task and its challenges. Next, the importance of smart meter-based load forecasting is discussed along with the available approaches. Additionally, the merits of load forecasting conducted using a smart meter over a conventional meter are articulated in this paper.

Suggested Citation

  • Fanidhar Dewangan & Almoataz Y. Abdelaziz & Monalisa Biswal, 2023. "Load Forecasting Models in Smart Grid Using Smart Meter Information: A Review," Energies, MDPI, vol. 16(3), pages 1-55, January.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:3:p:1404-:d:1052682
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/16/3/1404/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/16/3/1404/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hamzacebi, Coskun & Es, Huseyin Avni, 2014. "Forecasting the annual electricity consumption of Turkey using an optimized grey model," Energy, Elsevier, vol. 70(C), pages 165-171.
    2. Xin Gao & Xiaobing Li & Bing Zhao & Weijia Ji & Xiao Jing & Yang He, 2019. "Short-Term Electricity Load Forecasting Model Based on EMD-GRU with Feature Selection," Energies, MDPI, vol. 12(6), pages 1-18, March.
    3. Wang, Yi & Gan, Dahua & Sun, Mingyang & Zhang, Ning & Lu, Zongxiang & Kang, Chongqing, 2019. "Probabilistic individual load forecasting using pinball loss guided LSTM," Applied Energy, Elsevier, vol. 235(C), pages 10-20.
    4. Taylor, James W., 2008. "An evaluation of methods for very short-term load forecasting using minute-by-minute British data," International Journal of Forecasting, Elsevier, vol. 24(4), pages 645-658.
    5. AlRashidi, M.R. & EL-Naggar, K.M., 2010. "Long term electric load forecasting based on particle swarm optimization," Applied Energy, Elsevier, vol. 87(1), pages 320-326, January.
    6. Ko, Chia-Nan & Lee, Cheng-Ming, 2013. "Short-term load forecasting using SVR (support vector regression)-based radial basis function neural network with dual extended Kalman filter," Energy, Elsevier, vol. 49(C), pages 413-422.
    7. Montero-Manso, Pablo & Hyndman, Rob J., 2021. "Principles and algorithms for forecasting groups of time series: Locality and globality," International Journal of Forecasting, Elsevier, vol. 37(4), pages 1632-1653.
    8. Arpita Samanta Santra & Cheng-Chin Taso & Pei-Chann Chang, 2017. "An artificial immune network based novel approach to predict short term load forecasting," Journal of Advances in Technology and Engineering Research, A/Professor Akbar A. Khatibi, vol. 3(3), pages 79-88.
    9. Imani, Maryam & Ghassemian, Hassan, 2019. "Residential load forecasting using wavelet and collaborative representation transforms," Applied Energy, Elsevier, vol. 253(C), pages 1-1.
    10. Jonathan Roth & Jayashree Chadalawada & Rishee K. Jain & Clayton Miller, 2021. "Uncertainty Matters: Bayesian Probabilistic Forecasting for Residential Smart Meter Prediction, Segmentation, and Behavioral Measurement and Verification," Energies, MDPI, vol. 14(5), pages 1-22, March.
    11. Arpita Samanta Santra & Jun-Lin Lin, 2019. "Integrating Long Short-Term Memory and Genetic Algorithm for Short-Term Load Forecasting," Energies, MDPI, vol. 12(11), pages 1-11, May.
    12. Javed, Fahad & Arshad, Naveed & Wallin, Fredrik & Vassileva, Iana & Dahlquist, Erik, 2012. "Forecasting for demand response in smart grids: An analysis on use of anthropologic and structural data and short term multiple loads forecasting," Applied Energy, Elsevier, vol. 96(C), pages 150-160.
    13. Hongze Li & Sen Guo & Huiru Zhao & Chenbo Su & Bao Wang, 2012. "Annual Electric Load Forecasting by a Least Squares Support Vector Machine with a Fruit Fly Optimization Algorithm," Energies, MDPI, vol. 5(11), pages 1-16, November.
    14. Alobaidi, Mohammad H. & Chebana, Fateh & Meguid, Mohamed A., 2018. "Robust ensemble learning framework for day-ahead forecasting of household based energy consumption," Applied Energy, Elsevier, vol. 212(C), pages 997-1012.
    15. Al-Wakeel, Ali & Wu, Jianzhong & Jenkins, Nick, 2017. "k-means based load estimation of domestic smart meter measurements," Applied Energy, Elsevier, vol. 194(C), pages 333-342.
    16. Kaur, Amanpreet & Nonnenmacher, Lukas & Coimbra, Carlos F.M., 2016. "Net load forecasting for high renewable energy penetration grids," Energy, Elsevier, vol. 114(C), pages 1073-1084.
    17. Fernández, Joaquín Delgado & Menci, Sergio Potenciano & Lee, Chul Min & Rieger, Alexander & Fridgen, Gilbert, 2022. "Privacy-preserving federated learning for residential short-term load forecasting," Applied Energy, Elsevier, vol. 326(C).
    18. Luca Massidda & Marino Marrocu, 2018. "Smart Meter Forecasting from One Minute to One Year Horizons," Energies, MDPI, vol. 11(12), pages 1-16, December.
    19. Rafati, Amir & Joorabian, Mahmood & Mashhour, Elaheh, 2020. "An efficient hour-ahead electrical load forecasting method based on innovative features," Energy, Elsevier, vol. 201(C).
    20. Fekri, Mohammad Navid & Patel, Harsh & Grolinger, Katarina & Sharma, Vinay, 2021. "Deep learning for load forecasting with smart meter data: Online Adaptive Recurrent Neural Network," Applied Energy, Elsevier, vol. 282(PA).
    21. Hafeez, Ghulam & Khan, Imran & Jan, Sadaqat & Shah, Ibrar Ali & Khan, Farrukh Aslam & Derhab, Abdelouahid, 2021. "A novel hybrid load forecasting framework with intelligent feature engineering and optimization algorithm in smart grid," Applied Energy, Elsevier, vol. 299(C).
    22. Salah Bouktif & Ali Fiaz & Ali Ouni & Mohamed Adel Serhani, 2018. "Optimal Deep Learning LSTM Model for Electric Load Forecasting using Feature Selection and Genetic Algorithm: Comparison with Machine Learning Approaches †," Energies, MDPI, vol. 11(7), pages 1-20, June.
    23. Jianwei Mi & Libin Fan & Xuechao Duan & Yuanying Qiu, 2018. "Short-Term Power Load Forecasting Method Based on Improved Exponential Smoothing Grey Model," Mathematical Problems in Engineering, Hindawi, vol. 2018, pages 1-11, March.
    24. Hong, Wei-Chiang, 2011. "Electric load forecasting by seasonal recurrent SVR (support vector regression) with chaotic artificial bee colony algorithm," Energy, Elsevier, vol. 36(9), pages 5568-5578.
    25. Zahra Shafiei Chafi & Hossein Afrakhte, 2021. "Short-Term Load Forecasting Using Neural Network and Particle Swarm Optimization (PSO) Algorithm," Mathematical Problems in Engineering, Hindawi, vol. 2021, pages 1-10, April.
    26. Bahrami, Saadat & Hooshmand, Rahmat-Allah & Parastegari, Moein, 2014. "Short term electric load forecasting by wavelet transform and grey model improved by PSO (particle swarm optimization) algorithm," Energy, Elsevier, vol. 72(C), pages 434-442.
    27. Hafeez, Ghulam & Alimgeer, Khurram Saleem & Khan, Imran, 2020. "Electric load forecasting based on deep learning and optimized by heuristic algorithm in smart grid," Applied Energy, Elsevier, vol. 269(C).
    28. Zhang, Jinliang & Wei, Yi-Ming & Li, Dezhi & Tan, Zhongfu & Zhou, Jianhua, 2018. "Short term electricity load forecasting using a hybrid model," Energy, Elsevier, vol. 158(C), pages 774-781.
    29. Yu Jin & Honggang Guo & Jianzhou Wang & Aiyi Song, 2020. "A Hybrid System Based on LSTM for Short-Term Power Load Forecasting," Energies, MDPI, vol. 13(23), pages 1-32, November.
    30. Zhang, Shu & Wang, Yi & Zhang, Yutian & Wang, Dan & Zhang, Ning, 2020. "Load probability density forecasting by transforming and combining quantile forecasts," Applied Energy, Elsevier, vol. 277(C).
    31. Akash Kumar & Bing Yan & Ace Bilton, 2022. "Machine Learning-Based Load Forecasting for Nanogrid Peak Load Cost Reduction," Energies, MDPI, vol. 15(18), pages 1-23, September.
    32. Fan, Cheng & Wang, Jiayuan & Gang, Wenjie & Li, Shenghan, 2019. "Assessment of deep recurrent neural network-based strategies for short-term building energy predictions," Applied Energy, Elsevier, vol. 236(C), pages 700-710.
    33. Rafal Weron, 2006. "Modeling and Forecasting Electricity Loads and Prices: A Statistical Approach," HSC Books, Hugo Steinhaus Center, Wroclaw University of Technology, number hsbook0601.
    34. Wang, Jianzhou & Zhu, Suling & Zhang, Wenyu & Lu, Haiyan, 2010. "Combined modeling for electric load forecasting with adaptive particle swarm optimization," Energy, Elsevier, vol. 35(4), pages 1671-1678.
    35. Wang, Jianzhou & Gao, Jialu & Wei, Danxiang, 2022. "Electric load prediction based on a novel combined interval forecasting system," Applied Energy, Elsevier, vol. 322(C).
    36. Salah Bouktif & Ali Fiaz & Ali Ouni & Mohamed Adel Serhani, 2020. "Multi-Sequence LSTM-RNN Deep Learning and Metaheuristics for Electric Load Forecasting," Energies, MDPI, vol. 13(2), pages 1-21, January.
    37. Abu-Shikhah, Nazih & Elkarmi, Fawwaz, 2011. "Medium-term electric load forecasting using singular value decomposition," Energy, Elsevier, vol. 36(7), pages 4259-4271.
    38. Yang, Hong Ying & Ye, Hao & Wang, Guizeng & Khan, Junaid & Hu, Tongfu, 2006. "Fuzzy neural very-short-term load forecasting based on chaotic dynamics reconstruction," Chaos, Solitons & Fractals, Elsevier, vol. 29(2), pages 462-469.
    39. Ibrahim Salem Jahan & Vaclav Snasel & Stanislav Misak, 2020. "Intelligent Systems for Power Load Forecasting: A Study Review," Energies, MDPI, vol. 13(22), pages 1-12, November.
    40. Cheng-Wen Lee & Bing-Yi Lin, 2017. "Applications of the Chaotic Quantum Genetic Algorithm with Support Vector Regression in Load Forecasting," Energies, MDPI, vol. 10(11), pages 1-18, November.
    41. 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.
    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. Wadim Strielkowski & Andrey Vlasov & Kirill Selivanov & Konstantin Muraviev & Vadim Shakhnov, 2023. "Prospects and Challenges of the Machine Learning and Data-Driven Methods for the Predictive Analysis of Power Systems: A Review," Energies, MDPI, vol. 16(10), pages 1-31, May.
    2. Zheng Wan & Hui Li, 2023. "Short-Term Power Load Forecasting Based on Feature Filtering and Error Compensation under Imbalanced Samples," Energies, MDPI, vol. 16(10), pages 1-22, May.
    3. Omar A. Beg & Asad Ali Khan & Waqas Ur Rehman & Ali Hassan, 2023. "A Review of AI-Based Cyber-Attack Detection and Mitigation in Microgrids," Energies, MDPI, vol. 16(22), pages 1-23, November.
    4. Dorian Skrobek & Jaroslaw Krzywanski & Marcin Sosnowski & Ghulam Moeen Uddin & Waqar Muhammad Ashraf & Karolina Grabowska & Anna Zylka & Anna Kulakowska & Wojciech Nowak, 2023. "Artificial Intelligence for Energy Processes and Systems: Applications and Perspectives," Energies, MDPI, vol. 16(8), pages 1-12, April.
    5. Sepideh Radhoush & Bradley M. Whitaker & Hashem Nehrir, 2023. "An Overview of Supervised Machine Learning Approaches for Applications in Active Distribution Networks," Energies, MDPI, vol. 16(16), pages 1-29, August.
    6. Bianca Magalhães & Pedro Bento & José Pombo & Maria do Rosário Calado & Sílvio Mariano, 2024. "Short-Term Load Forecasting Based on Optimized Random Forest and Optimal Feature Selection," Energies, MDPI, vol. 17(8), pages 1-21, April.
    7. Muhammad Awais Shahid & Fiaz Ahmad & Rehan Nawaz & Saad Ullah Khan & Abdul Wadood & Hani Albalawi, 2023. "A Novel False Measurement Data Detection Mechanism for Smart Grids," Energies, MDPI, vol. 16(18), pages 1-17, September.
    8. Tulin Guzel & Hakan Cinar & Mehmet Nabi Cenet & Kamil Doruk Oguz & Ahmet Yucekaya & Mustafa Hekimoglu, 2023. "A Framework to Forecast Electricity Consumption of Meters using Automated Ranking and Data Preprocessing," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 179-193, September.
    9. Marco Bindi & Maria Cristina Piccirilli & Antonio Luchetta & Francesco Grasso, 2023. "A Comprehensive Review of Fault Diagnosis and Prognosis Techniques in High Voltage and Medium Voltage Electrical Power Lines," Energies, MDPI, vol. 16(21), pages 1-37, October.

    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. Debnath, Kumar Biswajit & Mourshed, Monjur, 2018. "Forecasting methods in energy planning models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 88(C), pages 297-325.
    2. Hany Habbak & Mohamed Mahmoud & Khaled Metwally & Mostafa M. Fouda & Mohamed I. Ibrahem, 2023. "Load Forecasting Techniques and Their Applications in Smart Grids," Energies, MDPI, vol. 16(3), pages 1-33, February.
    3. Seyedeh Narjes Fallah & Ravinesh Chand Deo & Mohammad Shojafar & Mauro Conti & Shahaboddin Shamshirband, 2018. "Computational Intelligence Approaches for Energy Load Forecasting in Smart Energy Management Grids: State of the Art, Future Challenges, and Research Directions," Energies, MDPI, vol. 11(3), pages 1-31, March.
    4. Deihimi, Ali & Orang, Omid & Showkati, Hemen, 2013. "Short-term electric load and temperature forecasting using wavelet echo state networks with neural reconstruction," Energy, Elsevier, vol. 57(C), pages 382-401.
    5. Li, Yiyan & Zhang, Si & Hu, Rongxing & Lu, Ning, 2021. "A meta-learning based distribution system load forecasting model selection framework," Applied Energy, Elsevier, vol. 294(C).
    6. Fekri, Mohammad Navid & Patel, Harsh & Grolinger, Katarina & Sharma, Vinay, 2021. "Deep learning for load forecasting with smart meter data: Online Adaptive Recurrent Neural Network," Applied Energy, Elsevier, vol. 282(PA).
    7. Niu, Dongxiao & Ji, Zhengsen & Li, Wanying & Xu, Xiaomin & Liu, Da, 2021. "Research and application of a hybrid model for mid-term power demand forecasting based on secondary decomposition and interval optimization," Energy, Elsevier, vol. 234(C).
    8. Saima Akhtar & Sulman Shahzad & Asad Zaheer & Hafiz Sami Ullah & Heybet Kilic & Radomir Gono & Michał Jasiński & Zbigniew Leonowicz, 2023. "Short-Term Load Forecasting Models: A Review of Challenges, Progress, and the Road Ahead," Energies, MDPI, vol. 16(10), pages 1-29, May.
    9. Talaat, M. & Farahat, M.A. & Mansour, Noura & Hatata, A.Y., 2020. "Load forecasting based on grasshopper optimization and a multilayer feed-forward neural network using regressive approach," Energy, Elsevier, vol. 196(C).
    10. Deb, Chirag & Zhang, Fan & Yang, Junjing & Lee, Siew Eang & Shah, Kwok Wei, 2017. "A review on time series forecasting techniques for building energy consumption," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 902-924.
    11. Dadkhah, Mojtaba & Jahangoshai Rezaee, Mustafa & Zare Chavoshi, Ahmad, 2018. "Short-term power output forecasting of hourly operation in power plant based on climate factors and effects of wind direction and wind speed," Energy, Elsevier, vol. 148(C), pages 775-788.
    12. Xiao, Liye & Shao, Wei & Liang, Tulu & Wang, Chen, 2016. "A combined model based on multiple seasonal patterns and modified firefly algorithm for electrical load forecasting," Applied Energy, Elsevier, vol. 167(C), pages 135-153.
    13. Gholami, M. & Barbaresi, A. & Torreggiani, D. & Tassinari, P., 2020. "Upscaling of spatial energy planning, phases, methods, and techniques: A systematic review through meta-analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 132(C).
    14. Barman, Mayur & Dev Choudhury, N.B. & Sutradhar, Suman, 2018. "A regional hybrid GOA-SVM model based on similar day approach for short-term load forecasting in Assam, India," Energy, Elsevier, vol. 145(C), pages 710-720.
    15. Yang, YouLong & Che, JinXing & Li, YanYing & Zhao, YanJun & Zhu, SuLing, 2016. "An incremental electric load forecasting model based on support vector regression," Energy, Elsevier, vol. 113(C), pages 796-808.
    16. Rosato, Antonello & Panella, Massimo & Andreotti, Amedeo & Mohammed, Osama A. & Araneo, Rodolfo, 2021. "Two-stage dynamic management in energy communities using a decision system based on elastic net regularization," Applied Energy, Elsevier, vol. 291(C).
    17. Ghulam Hafeez & Khurram Saleem Alimgeer & Zahid Wadud & Zeeshan Shafiq & Mohammad Usman Ali Khan & Imran Khan & Farrukh Aslam Khan & Abdelouahid Derhab, 2020. "A Novel Accurate and Fast Converging Deep Learning-Based Model for Electrical Energy Consumption Forecasting in a Smart Grid," Energies, MDPI, vol. 13(9), pages 1-25, May.
    18. 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.
    19. Nasir Ayub & Muhammad Irfan & Muhammad Awais & Usman Ali & Tariq Ali & Mohammed Hamdi & Abdullah Alghamdi & Fazal Muhammad, 2020. "Big Data Analytics for Short and Medium-Term Electricity Load Forecasting Using an AI Techniques Ensembler," Energies, MDPI, vol. 13(19), pages 1-21, October.
    20. Zhang, Jinliang & Siya, Wang & Zhongfu, Tan & Anli, Sun, 2023. "An improved hybrid model for short term power load prediction," Energy, Elsevier, vol. 268(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:gam:jeners:v:16:y:2023:i:3:p:1404-:d:1052682. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.