Predicting Energy Consumption Using LSTM, Multi-Layer GRU and Drop-GRU Neural Networks

With the steep rise in the development of smart grids and the current advancement in developing measuring infrastructure, short term power consumption forecasting has recently gained increasing attention. In fact, the prediction of future power loads turns out to be a key issue to avoid energy wastage and to build effective power management strategies. Furthermore, energy consumption information can be considered historical time series data that are required to extract all meaningful knowledge and then forecast the future consumption. In this work, we aim to model and to compare three different machine learning algorithms in making a time series power forecast. The proposed models are the Long Short-Term…