Short‐term energy forecasting using deep neural networks: Prospects and challenges

Abstract

Abstract This study presents an in‐depth overview of deep neural networks (DNN) and their hybrid applications for short‐term energy forecasting (STEF). It examines DNN‐based STEF from three perspectives: basics, challenges, and prospects. The study compares recent literature using metrics like mean absolute error (MAE), mean average percentage error (MAPE), and root mean square error (RMSE). Findings indicate that combining automated data‐driven models with enhanced DNNs effectively addresses forecasting challenges. It also highlights the role of DNNs in integrating energy prosumers, renewable energy systems, microgrids, big data, and smart grids to improve STEF.

Keywords

• artificial intelligence
• demand forecasting
• demand side management
• distributed power generation
• electric power generation
• energy management systems