Deep Learning Enabled Predictive Model for P2P Energy Trading in TEM

Abstract

With the incorporation of distributed energy systems in the electric grid, transactive energy market (TEM) has become popular in balancing the demand as well as supply adaptively over the grid. The classical grid can be updated to the smart grid by the integration of Information and Communication Technology (ICT) over the grids. The TEM allows the Peer-to-Peer (P2P) energy trading in the grid that effectually connects the consumer and prosumer to trade energy among them. At the same time, there is a need to predict the load for effectual P2P energy trading and can be accomplished by the use of machine learning (DML) models. Though some of the short term load prediction techniques have existed in the literature, there is still essential to consider the intrinsic features, parameter optimization, etc. into account. In this aspect, this study devises new deep learning enabled short term load forecasting model for P2P energy trading (DLSTLF-P2P) in TEM. The proposed model involves the design of oppositional coyote optimization algorithm (OCOA) based feature selection technique in which the OCOA is derived by the integration of oppositional based learning (OBL) concept with COA for improved convergence rate. Moreover, deep belief networks (DBN) are employed for the prediction of load in the P2P energy trading systems. In order to additional improve the predictive performance of the DBN model, a hyperparameter optimizer is introduced using chicken swarm optimization (CSO) algorithm is applied for the optimal choice of DBN parameters to improve the predictive outcome. The simulation analysis of the proposed DLSTLF-P2P is validated using the UK Smart Meter dataset and the obtained outcomes demonstrate the superiority of the DLSTLF-P2P technique with the maximum training, testing, and validation accuracy of 90.17%, 87.39%, and 87.86%.