Research Article

Forecasting of Turkey’s Electrical Energy Consumption using LSTM and GRU Networks

Volume: 8 Number: 2 December 31, 2021
TR EN

Forecasting of Turkey’s Electrical Energy Consumption using LSTM and GRU Networks

Abstract

Energy demand management is particularly important for developing and emerging economies. Their energy consumptions increase significantly, depending on their growing economies. As a result of Turkey’s rapid economic and population growth, electricity consumption is increasing. Electricity consumption forecasting plays an essential role for energy suppliers, consumers, and policy makers. Therefore, using models to accurately and reliably forecast future electricity consumption trends is a key issue for the planning and operation of electric power systems. This paper focused on forecasting electrical energy consumption by utilizing deep learning methods, i.e., Long Short-Term Memory (LSTM) and Gated Recurrent Unit (GRU) models, for time series data. One-hour and three-hour ahead forecasting are accomplished by using a historical dataset of electrical energy consumption in Turkey. The comparison results show that the GRU model is slightly better than that of the LSTM. Our study also reveals that one-hour ahead predictions are more accurate than three-hour ahead predictions.

Keywords

References

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  4. TUIK, Turkish Statistics Institute. (2021). Statistics, http://www.tuik.gov.tr.
  5. Turkey's Lessons for Emerging Economies - Caixin Global. http://www.caixinglobal.com,(20.01.2021).
  6. International Monetary Fund (2021). World Economic Outlook Database, October 2020. https://www.imf.org/en/home, (20.01.2021).
  7. World Bank (2021), International Comparison Program database: GDP, PPP (current international $). https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD, (20.01.2021).
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Details

Primary Language

English

Subjects

Engineering

Journal Section

Research Article

Publication Date

December 31, 2021

Submission Date

May 10, 2021

Acceptance Date

October 11, 2021

Published in Issue

Year 2021 Volume: 8 Number: 2

APA
Bişkin, O. T., & Çifci, A. (2021). Forecasting of Turkey’s Electrical Energy Consumption using LSTM and GRU Networks. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi, 8(2), 656-667. https://doi.org/10.35193/bseufbd.935824
AMA
1.Bişkin OT, Çifci A. Forecasting of Turkey’s Electrical Energy Consumption using LSTM and GRU Networks. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi. 2021;8(2):656-667. doi:10.35193/bseufbd.935824
Chicago
Bişkin, Osman Tayfun, and Ahmet Çifci. 2021. “Forecasting of Turkey’s Electrical Energy Consumption Using LSTM and GRU Networks”. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi 8 (2): 656-67. https://doi.org/10.35193/bseufbd.935824.
EndNote
Bişkin OT, Çifci A (December 1, 2021) Forecasting of Turkey’s Electrical Energy Consumption using LSTM and GRU Networks. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi 8 2 656–667.
IEEE
[1]O. T. Bişkin and A. Çifci, “Forecasting of Turkey’s Electrical Energy Consumption using LSTM and GRU Networks”, Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi, vol. 8, no. 2, pp. 656–667, Dec. 2021, doi: 10.35193/bseufbd.935824.
ISNAD
Bişkin, Osman Tayfun - Çifci, Ahmet. “Forecasting of Turkey’s Electrical Energy Consumption Using LSTM and GRU Networks”. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi 8/2 (December 1, 2021): 656-667. https://doi.org/10.35193/bseufbd.935824.
JAMA
1.Bişkin OT, Çifci A. Forecasting of Turkey’s Electrical Energy Consumption using LSTM and GRU Networks. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi. 2021;8:656–667.
MLA
Bişkin, Osman Tayfun, and Ahmet Çifci. “Forecasting of Turkey’s Electrical Energy Consumption Using LSTM and GRU Networks”. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi, vol. 8, no. 2, Dec. 2021, pp. 656-67, doi:10.35193/bseufbd.935824.
Vancouver
1.Osman Tayfun Bişkin, Ahmet Çifci. Forecasting of Turkey’s Electrical Energy Consumption using LSTM and GRU Networks. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi. 2021 Dec. 1;8(2):656-67. doi:10.35193/bseufbd.935824

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