A Comparative Study Using Deep Learning and Support Vector Regression for Electricity Price Forecasting in Smart Grids

Faculty Engineering Year: 2019
Type of Publication: ZU Hosted Pages:
Authors:
Sarah Atif Abdulaziz Ali
Journal: 2019 IEEE 6th International Conference on Industrial Engineering and Applications (ICIEA) IEEE Volume:
Keywords : , Comparative Study Using Deep Learning , Support    
Abstract:
High price volatility can directly affect the electricity market stability in smart grids. Thus, effective and accurate price forecasts must be implemented to avoid the serious consequences of price dynamics. This study proposes two intelligent techniques to tackle the Electricity Price Forecasting (EPF) problem using machine learning. Firstly, a Support Vector Regression (SVR) model is used to predict the hourly-price. Secondly, a Deep Learning (DL) model is implemented and compared with the SVR model. The results show that the two proposed models are effective tools for EPF. However, the DL approach outperforms the SVR model, with average root mean square error value of 1.1165 and 0.416 respectively.
    
     
 
       

Author Related Publications

  • Sarah Atif Abdulaziz Ali , "A FUZZY LOGIC BASED ALGORITHM FOR NON-PERMUTATION FLOW SHOP SCHEDULING WITH STATIC AND DYNAMIC ENVIRONMENT", CIE47 Proceedings, 11-13 October 2017, Lisbon / Portugal, 2017 More
  • Sarah Atif Abdulaziz Ali , "A Fuzzy Logic Controller for Demand Side Management in Smart Grids", scitepress, 2019 More
  • Sarah Atif Abdulaziz Ali , "Assessment of stacked unidirectional and bidirectional long short-term memory networks for electricity load forecasting", ELSEVIER, 2020 More
  • Sarah Atif Abdulaziz Ali , "A new fuzzy logic based approach for optimal household appliance scheduling based on electricity price and load consumption prediction", TAYLOR AND FRANCIS, 2021 More
  • Sarah Atif Abdulaziz Ali , "Real-Time Load Consumption Prediction and Demand Response Scheme Using Deep Learning in Smart Grids", IEEE, 2019 More

Department Related Publications

  • Yehya Ibrahim Mesalam Ali, "Fuzzy Goal Programming Approach for Multi Objective Decision Making Problems", Alexandria, Egypt, 2004 More
  • Mohamed Adel Albaz Mansour Ibrahiem Elmansy, "Fuzzy Goal Programming Approach for Multi Objective Decision Making Problems", Alexandria, Egypt, 2004 More
  • Mohammed Sameh Ali Ibrahym , "Fuzzy Goal Programming Approach for Multi Objective Decision Making Problems", Alexandria, Egypt, 2004 More
  • Yehya Ibrahim Mesalam Ali, "AN INTEGRATED APPROACH FOR MULTI-OBJECTIVE PRODUCTION AND DISTRIBUTION PLANNING IN SUPPLY CHAIN MANAGEMENT", The Egyptian Int. J. of Eng. Sci. and Technology, 2011 More
  • Mohamed Adel Albaz Mansour Ibrahiem Elmansy, "AN INTEGRATED APPROACH FOR MULTI-OBJECTIVE PRODUCTION AND DISTRIBUTION PLANNING IN SUPPLY CHAIN MANAGEMENT", The Egyptian Int. J. of Eng. Sci. and Technology, 2011 More
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