Residential electricity load forecasting using deep learning tech
In this work, we adopt the multi-scale deep learning framework TimesNet, which embeds attention mechanisms to capture both short and long-term temporal dependencies of residential electricity demand. By fusing historical consumption data together with exogenous factors like temperature, humidi...
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Format: | Thesis-Master by Coursework |
Language: | English |
Published: |
Nanyang Technological University
2025
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Online Access: | https://hdl.handle.net/10356/182955 |
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Institution: | Nanyang Technological University |
Language: | English |
Summary: | In this work, we adopt the multi-scale deep learning framework TimesNet, which
embeds attention mechanisms to capture both short and long-term temporal
dependencies of residential electricity demand. By fusing historical consumption data
together with exogenous factors like temperature, humidity, and calendar variables,
the proposed approach models complex and evolving load patterns effectively.
Experimental results over real datasets show that the proposed approach beats baseline
approaches, such as LSTM and RNN, in terms of lower forecast error, ensuring
superior performances also in regimes affected by high volatility and anomalous
demand events. These results underpin the value of TimesNet to assist utilities with
optimized operational decisions by shaving peak-loads and proactively informing
energy management policies. Real-time deployment, interpretability analysis, and
integration with spatially aware models are some of the coordinated regional
forecasting issues that will be addressed in future works. |
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