Review and Comparative Analysis of Deep Learning Techniques for Smart Grid Load Forecasting
Hossein Shahinzadeh, Hamidreza Sadrarhami, Mohammad Mohsen Hayati, Hassan Majidi-Gharehnaz, Mehdi Abapour, Gevork B. Gharehpetian
Abstract
In the last decade, the water and electricity industry has experienced significant investments in smart grid technologies. Within a smart grid framework, information and energy engage in bidirectional transmission, opening up diverse applications for artificial intelligence, including artificial neural networks, machine learning, and deep learning. This comprehensive review investigates the dynamic landscape of deep learning methodologies applied to load forecasting within smart grids, spanning short-term (STLF), medium-term (MILF), and long-term (LTLF) Forecasting horizons. We scrutinize a range of techniques, encompassing Auto-Encoder Method, Recurrent Neural Network (RNN), Long Short-Term Memory (LSTM), Convolutional Neural Network (CNN), Restricted Boltzmann Machine (RBM), Deep Belief Network (DBN), Deep Boltzmann Machine (DBM), Graph Neural Networks (GNNs), Attention Mechanisms, and Hybrid Models. This article introduces and reviews common deep-learning algorithms used in load forecasting for smart grids and power systems. It also offers a comparative assessment based on the reduction percentage in four indicators: accuracy, speed, mean absolute error (MAPE), and root mean square error (RMSE). The research aims to provide valuable insights into the strengths and weaknesses of each deep learning method, guiding researchers and practitioners in making informed decisions when selecting the most suitable approach for diverse load forecasting scenarios in smart grid environments.