Deep learning-based forecasting of electricity consumption

Abstract Building energy management systems (BEMS) are integrated computerized systems that track and manage the energy use of many pieces of building-related machinery and equipment, including lighting, power systems, and HVAC systems. Modern buildings must have BEMSs in order to reduce energy usage while maintaining comfort. Not only for energy-saving purposes, BEMS is essential in enhancing the quality of the energy supply, which helps to gain a better understanding of how energy is used and the building's energy usage. When the dynamics of a building's energy usage are known, it is possible to determine which changes are most likely to reduce consumption. Numerous connected devices, operating modes, energy usage, and environmental factors can all be monitored and controlled in real-time using BEMS. Changing operating times and setting points to maximize comfort and efficiency is made simple by this. In this paper, we have primarily addressed the two significant issues of model optimization and electricity consumption forecasts. Future forecasting has been done using the LSTM based time series approach. We generated data on the amount of electricity consumed by a hospital facility and tested our suggested methodologies on actual data. The findings gained demonstrated that the strategies were successful with both types of data. On actual data, the trend in electricity consumption can be accurately predicted. Several model optimizers enhanced the suggested methods' performance as well. Our objective function gain accuracy result of 95%.