Authors: Nilesh.P.Dabe, Yogesh R. Patni, Deepak Kadam, Kulkarni Kirti S
Abstract: Precise prediction of residential power consumption, and effective management of load are important tasks in smart grid. The current research proposes a novel hybrid model of ANN with NSGA-II to solve the multi-objective optimization problems for smart grid operations. The model incorporates four important inputs to simultaneously predict forecast demand and load management reliability: time-of-day, temperature, consumer type, and historical load. The ANN model optimized by NSGA-II offers improved forecasting, resulting in the best fitness value of 855.176 kWh, and the resulting high correlation coefficient R = 0.97432 for the load forecasting. Meanwhile, the model also maintained a high level of load management reliability as present an best Fitness 86.7012 % and a correlation R = 0.93381. Pareto front analysis demonstrated a trade-off solution between forecast accuracy (855.928–855.934 kWh) and reliability (84.043% to 84.086%) and therefore it is flexible in advising grid operator. This NSGA-II-ANN hybrid approach has wide range of applications for real-time load prediction, and better resource allocation and control for increasing smart grid stability in dynamic operation condition.
