This research presents a deep learning–based approach for optimizing electricity usage and reducing energy bills using a hybrid CNN-LSTM architecture. The model analyzes multivariate time-series data, including climate factors, load types, and user-defined monthly budgets, to predict electricity prices and recommend optimal appliance scheduling. The system integrates feature engineering, Min-Max normalization, and sliding window techniques for data preprocessing. Experimental results demonstrate strong performance with RMSE of 2.31 ₹/kWh, MAE of 1.74 ₹/kWh, and R² score of 0.943, achieving approximately 18.7% monthly savings. A Flask-based dashboard provides real-time predictions and budget-aware recommendations, making the system practical for real-world energy optimization.
Paila et al. (Mon,) studied this question.