State of the art in energy consumption using deep learning models

Abstract

In the literature, it is well known that there is a bidirectional causality between economic growth and energy consumption. This is why it is crucial to forecast energy consumption. In this study, four deep learning models, i.e., Long Short-Term Memory (LSTM), stacked LSTM, bidirectional LSTM, and Gated Recurrent Unit (GRU), were used to forecast energy consumption in Brazil, Canada, and France. After a training test period, the performance evaluation criterion, i.e., R2, mean square error, root mean square error, mean absolute error, and mean absolute percentage error, was performed for the performance measure. It showed that GRU is the best model for Canada and France, while LSTM is the best model for Brazil. Therefore, the energy consumption prediction was made for the 12 months of the year 2017 using LSTM for Brazil and GRU for Canada and France. Based on the selected model, it was projected that the energy consumption in Brazil was 38 597.14–38 092.88, 63 900–4 800 000 GWh in Canada, and 50 999.72–32 747.01 GWh in France in 2017. The projected consumption in Canada was very high due to the country’s higher industrialization. The results obtained in this study confirmed that the nature of energy production will impact the complexity of the deep learning model.