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
- Koç, E., & Şenel, M. C. (2013). Dünyada ve Türkiye’de enerji durumu–genel değerlendirme. Mühendis ve Makina Dergisi, 54(639), 32-44.
- Bilgili, M. (2010). Present status and future projections of electrical energy in Turkey.Gazi University Journal of Science, 23(2), 237-248.
- Fackrell, B. (2013). Turkey and regional energy Security on the road to 2023. Turkish Policy Quarterly, 12(2), 83-89.
- TUIK, Turkish Statistics Institute. (2021). Statistics, http://www.tuik.gov.tr.
- Turkey's Lessons for Emerging Economies - Caixin Global. http://www.caixinglobal.com,(20.01.2021).
- International Monetary Fund (2021). World Economic Outlook Database, October 2020. https://www.imf.org/en/home, (20.01.2021).
- World Bank (2021), International Comparison Program database: GDP, PPP (current international $). https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD, (20.01.2021).
- The World Factbook (2021), Real GDP (purchasing power parity). https://www.cia.gov/the-world-factbook/field/real-gdp-purchasing-power-parity/, (23.01.2021).
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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