Neural network based optimization approach for energy demand prediction in smart grid

Energy usage and demand forecasting is an essential and complex task in real time implementation. Proper coordination is required between the consumer and power companies for monitoring, scheduling and operating the electrical devices without any damages. In this paper, we propose a novel neural network based optimization approach for energy demand prediction. Initially, the Conventional Neural Network (CNN) approach is employed to find the required energy demand prediction at the consumer end. Secondly, Neural Network based Genetic Algorithm (NNGA) and Neural Network based Particle Swarm Optimization (NNPSO) approaches are implemented where the weights of the neural network are automatically adjusted. Closer observation from the result reveals that the proposed NNGA approach performs better for short term load forecasting and proposed NNPSO is more suitable for the long term energy prediction. For the experimental results, real time data are taken from pecan street (Pecan Street Inc.). From the simulations, it can be concluded that the proposed optimization approach algorithm yield better results than the CNN approach in predicting the future energy demand. Further, the result reveals that it is possible to manage the demand and supply, planning of power grid and prediction of future energy requirement in the smart grid.