Artificial Neural Network based Artificial Intelligent Algorithms for Accurate Monthly Load Forecasting of Power Consumption

In this study, three artificial neural networks (ANN) techniques (backpropagation (BPNN), radial basis function network (RBFNN) and extreme learning machine (ELM)) were applied for accurate modeling and prediction of monthly load consumption. These models were trained for the first time on the data collected by the United State Energy Information Administration (USEIA) for five sectors from January 1973 to May 2017 (44 years). Performance evaluation of the methods was carried out using various statistical indicators including mean absolute percentage error (MAPE). The results revealed that the value of MAPE for BPNN which gave the optimum model for predicting the monthly load consumption were 0.999999885 and 0.999999069 for training and testing results respectively, ascertaining the accuracy and suitability of the model for monthly load consumption prediction.

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The authors declare no conflict of interest.

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The datasets used in this study are openly available at [repository link] and the source code is available on GitHub at [GitHub link].

This work did not receive any external funding.