IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v17y2024i19p4910-d1489799.html
   My bibliography  Save this article

A Survey of Quantitative Techniques in Electricity Consumption—A Global Perspective

Author

Listed:
  • Atif Maqbool Khan

    (Faculty of Energy and Fuels, AGH University of Science and Technology, Al. Mickiewicza, 30-059 Kraków, Poland)

  • Artur Wyrwa

    (Faculty of Energy and Fuels, AGH University of Science and Technology, Al. Mickiewicza, 30-059 Kraków, Poland)

Abstract

This study uses the Scopus and Web of Science databases to review quantitative methods to forecast electricity consumption from 2015 to 2024. Using the PRISMA approach, 175 relevant publications were identified from an initial set of 821 documents and subsequently subjected to bibliometric analysis. This analysis examined publication trends, citation metrics, and collaboration patterns across various countries and institutions. Over the period analyzed, the number of articles has steadily increased, with a more rapid rise observed after 2020. Although China dominates this research field, strong bibliographic coupling worldwide indicates significant international collaboration. The study suggests that no single method consistently outperforms others across all contexts and that forecasting methods should be adapted to regional contexts, considering specific economic, social, and environmental factors. Furthermore, we emphasize that review papers should compare methods and results regarding both time horizon and temporal resolution, as these aspects are crucial for the accuracy and applicability of the forecasts.

Suggested Citation

  • Atif Maqbool Khan & Artur Wyrwa, 2024. "A Survey of Quantitative Techniques in Electricity Consumption—A Global Perspective," Energies, MDPI, vol. 17(19), pages 1-38, September.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:19:p:4910-:d:1489799
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/17/19/4910/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/17/19/4910/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sen, Doruk & Tunç, K.M. Murat & Günay, M. Erdem, 2021. "Forecasting electricity consumption of OECD countries: A global machine learning modeling approach," Utilities Policy, Elsevier, vol. 70(C).
    2. José Rubio-León & José Rubio-Cienfuegos & Cristian Vidal-Silva & Jesennia Cárdenas-Cobo & Vannessa Duarte, 2023. "Applying Fuzzy Time Series for Developing Forecasting Electricity Demand Models," Mathematics, MDPI, vol. 11(17), pages 1-18, August.
    3. Sekhar, Charan & Dahiya, Ratna, 2023. "Robust framework based on hybrid deep learning approach for short term load forecasting of building electricity demand," Energy, Elsevier, vol. 268(C).
    4. Chengdong Li & Zixiang Ding & Jianqiang Yi & Yisheng Lv & Guiqing Zhang, 2018. "Deep Belief Network Based Hybrid Model for Building Energy Consumption Prediction," Energies, MDPI, vol. 11(1), pages 1-26, January.
    5. Guo, Bowei & Weeks, Melvyn, 2022. "Dynamic tariffs, demand response, and regulation in retail electricity markets," Energy Economics, Elsevier, vol. 106(C).
    6. Yukseltan, Ergun & Yucekaya, Ahmet & Bilge, Ayse Humeyra, 2017. "Forecasting electricity demand for Turkey: Modeling periodic variations and demand segregation," Applied Energy, Elsevier, vol. 193(C), pages 287-296.
    7. González Grandón, T. & Schwenzer, J. & Steens, T. & Breuing, J., 2024. "Electricity demand forecasting with hybrid classical statistical and machine learning algorithms: Case study of Ukraine," Applied Energy, Elsevier, vol. 355(C).
    8. Rahman, Aowabin & Srikumar, Vivek & Smith, Amanda D., 2018. "Predicting electricity consumption for commercial and residential buildings using deep recurrent neural networks," Applied Energy, Elsevier, vol. 212(C), pages 372-385.
    9. Shine, P. & Scully, T. & Upton, J. & Murphy, M.D., 2019. "Annual electricity consumption prediction and future expansion analysis on dairy farms using a support vector machine," Applied Energy, Elsevier, vol. 250(C), pages 1110-1119.
    10. Marwen Elkamel & Lily Schleider & Eduardo L. Pasiliao & Ali Diabat & Qipeng P. Zheng, 2020. "Long-Term Electricity Demand Prediction via Socioeconomic Factors—A Machine Learning Approach with Florida as a Case Study," Energies, MDPI, vol. 13(15), pages 1-21, August.
    11. Guo, Zhifeng & O'Hanley, Jesse R. & Gibson, Stuart, 2022. "Predicting residential electricity consumption patterns based on smart meter and household data: A case study from the Republic of Ireland," Utilities Policy, Elsevier, vol. 79(C).
    12. Uddin, Gazi Salah & Hasan, Md. Bokhtiar & Phoumin, Han & Taghizadeh-Hesary, Farhad & Ahmed, Ali & Troster, Victor, 2023. "Exploring the critical demand drivers of electricity consumption in Thailand," Energy Economics, Elsevier, vol. 125(C).
    13. Salma Hamad Almuhaini & Nahid Sultana, 2023. "Forecasting Long-Term Electricity Consumption in Saudi Arabia Based on Statistical and Machine Learning Algorithms to Enhance Electric Power Supply Management," Energies, MDPI, vol. 16(4), pages 1-28, February.
    14. Ming Meng & Yanan Fu & Huifeng Shi & Xinfang Wang, 2017. "A Small-Sample Adaptive Hybrid Model for Annual Electricity Consumption Forecasting," Mathematical Problems in Engineering, Hindawi, vol. 2017, pages 1-7, April.
    15. Weijie Zhou & Huihui Tao & Jiaxin Chang & Huimin Jiang & Li Chen, 2023. "Forecasting Chinese Electricity Consumption Based on Grey Seasonal Model with New Information Priority," Sustainability, MDPI, vol. 15(4), pages 1-20, February.
    16. Nees Jan Eck & Ludo Waltman, 2017. "Citation-based clustering of publications using CitNetExplorer and VOSviewer," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(2), pages 1053-1070, May.
    17. Kaytez, Fazil, 2020. "A hybrid approach based on autoregressive integrated moving average and least-square support vector machine for long-term forecasting of net electricity consumption," Energy, Elsevier, vol. 197(C).
    18. Poonpong Suksawang & Sukonthip Suphachan & Kanokkarn Kaewnuch, 2018. "Electricity Consumption Forecasting in Thailand using Hybrid Model SARIMA and Gaussian Process with Combine Kernel Function Technique," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 98-109.
    19. Bedi, Jatin & Toshniwal, Durga, 2019. "Deep learning framework to forecast electricity demand," Applied Energy, Elsevier, vol. 238(C), pages 1312-1326.
    20. Xingcai Zhou & Jiangyan Wang, 2021. "Panel semiparametric quantile regression neural network for electricity consumption forecasting," Papers 2103.00711, arXiv.org.
    21. Pinheiro, Marco G. & Madeira, Sara C. & Francisco, Alexandre P., 2023. "Short-term electricity load forecasting—A systematic approach from system level to secondary substations," Applied Energy, Elsevier, vol. 332(C).
    22. Man-Wen Tian & Khalid Alattas & Fayez El-Sousy & Abdullah Alanazi & Ardashir Mohammadzadeh & Jafar Tavoosi & Saleh Mobayen & Paweł Skruch, 2022. "A New Short Term Electrical Load Forecasting by Type-2 Fuzzy Neural Networks," Energies, MDPI, vol. 15(9), pages 1-14, April.
    23. Ahajjam, Mohamed Aymane & Bonilla Licea, Daniel & Ghogho, Mounir & Kobbane, Abdellatif, 2022. "Experimental investigation of variational mode decomposition and deep learning for short-term multi-horizon residential electric load forecasting," Applied Energy, Elsevier, vol. 326(C).
    24. Gao, Feng & Chi, Hong & Shao, Xueyan, 2021. "Forecasting residential electricity consumption using a hybrid machine learning model with online search data," Applied Energy, Elsevier, vol. 300(C).
    25. Filipe Rodrigues & Carlos Cardeira & João M. F. Calado & Rui Melicio, 2023. "Short-Term Load Forecasting of Electricity Demand for the Residential Sector Based on Modelling Techniques: A Systematic Review," Energies, MDPI, vol. 16(10), pages 1-26, May.
    26. Liu, Che & Sun, Bo & Zhang, Chenghui & Li, Fan, 2020. "A hybrid prediction model for residential electricity consumption using holt-winters and extreme learning machine," Applied Energy, Elsevier, vol. 275(C).
    27. Zhou, Yang & Zhang, Shuaishuai & Wu, Libo & Tian, Yingjie, 2019. "Predicting sectoral electricity consumption based on complex network analysis," Applied Energy, Elsevier, vol. 255(C).
    28. Luzia, Ruan & Rubio, Lihki & Velasquez, Carlos E., 2023. "Sensitivity analysis for forecasting Brazilian electricity demand using artificial neural networks and hybrid models based on Autoregressive Integrated Moving Average," Energy, Elsevier, vol. 274(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mustafa Saglam & Catalina Spataru & Omer Ali Karaman, 2023. "Forecasting Electricity Demand in Turkey Using Optimization and Machine Learning Algorithms," Energies, MDPI, vol. 16(11), pages 1-23, June.
    2. Pesantez, Jorge E. & Li, Binbin & Lee, Christopher & Zhao, Zhizhen & Butala, Mark & Stillwell, Ashlynn S., 2023. "A Comparison Study of Predictive Models for Electricity Demand in a Diverse Urban Environment," Energy, Elsevier, vol. 283(C).
    3. Du, Pei & Guo, Ju'e & Sun, Shaolong & Wang, Shouyang & Wu, Jing, 2022. "A novel two-stage seasonal grey model for residential electricity consumption forecasting," Energy, Elsevier, vol. 258(C).
    4. Mustafa Saglam & Catalina Spataru & Omer Ali Karaman, 2022. "Electricity Demand Forecasting with Use of Artificial Intelligence: The Case of Gokceada Island," Energies, MDPI, vol. 15(16), pages 1-22, August.
    5. Paul Anton Verwiebe & Stephan Seim & Simon Burges & Lennart Schulz & Joachim Müller-Kirchenbauer, 2021. "Modeling Energy Demand—A Systematic Literature Review," Energies, MDPI, vol. 14(23), pages 1-58, November.
    6. Somu, Nivethitha & Raman M R, Gauthama & Ramamritham, Krithi, 2021. "A deep learning framework for building energy consumption forecast," Renewable and Sustainable Energy Reviews, Elsevier, vol. 137(C).
    7. Ibrahim, Muhammad Sohail & Dong, Wei & Yang, Qiang, 2020. "Machine learning driven smart electric power systems: Current trends and new perspectives," Applied Energy, Elsevier, vol. 272(C).
    8. Zeng, Sheng & Su, Bin & Zhang, Minglong & Gao, Yuan & Liu, Jun & Luo, Song & Tao, Qingmei, 2021. "Analysis and forecast of China's energy consumption structure," Energy Policy, Elsevier, vol. 159(C).
    9. Zizhen Cheng & Li Wang & Yumeng Yang, 2023. "A Hybrid Feature Pyramid CNN-LSTM Model with Seasonal Inflection Month Correction for Medium- and Long-Term Power Load Forecasting," Energies, MDPI, vol. 16(7), pages 1-18, March.
    10. Hyunsoo Kim & Jiseok Jeong & Changwan Kim, 2022. "Daily Peak-Electricity-Demand Forecasting Based on Residual Long Short-Term Network," Mathematics, MDPI, vol. 10(23), pages 1-17, November.
    11. Wang, Ran & Lu, Shilei & Feng, Wei, 2020. "A novel improved model for building energy consumption prediction based on model integration," Applied Energy, Elsevier, vol. 262(C).
    12. Bilgili, Mehmet & Pinar, Engin, 2023. "Gross electricity consumption forecasting using LSTM and SARIMA approaches: A case study of Türkiye," Energy, Elsevier, vol. 284(C).
    13. Mohamed-Amine Babay & Mustapha Adar & Ahmed Chebak & Mustapha Mabrouki, 2023. "Dynamics of Gas Generation in Porous Electrode Alkaline Electrolysis Cells: An Investigation and Optimization Using Machine Learning," Energies, MDPI, vol. 16(14), pages 1-21, July.
    14. Chitalia, Gopal & Pipattanasomporn, Manisa & Garg, Vishal & Rahman, Saifur, 2020. "Robust short-term electrical load forecasting framework for commercial buildings using deep recurrent neural networks," Applied Energy, Elsevier, vol. 278(C).
    15. Chen, Ying & Koch, Thorsten & Zakiyeva, Nazgul & Zhu, Bangzhu, 2020. "Modeling and forecasting the dynamics of the natural gas transmission network in Germany with the demand and supply balance constraint," Applied Energy, Elsevier, vol. 278(C).
    16. Thomas Steens & Jan-Simon Telle & Benedikt Hanke & Karsten von Maydell & Carsten Agert & Gian-Luca Di Modica & Bernd Engel & Matthias Grottke, 2021. "A Forecast-Based Load Management Approach for Commercial Buildings Demonstrated on an Integration of BEV," Energies, MDPI, vol. 14(12), pages 1-25, June.
    17. Liu, Che & Li, Fan & Zhang, Chenghui & Sun, Bo & Zhang, Guanguan, 2023. "A day-ahead prediction method for high-resolution electricity consumption in residential units," Energy, Elsevier, vol. 265(C).
    18. Khan, Waqas & Liao, Juo Yu & Walker, Shalika & Zeiler, Wim, 2022. "Impact assessment of varied data granularities from commercial buildings on exploration and learning mechanism," Applied Energy, Elsevier, vol. 319(C).
    19. Zou, Rongwei & Yang, Qiliang & Xing, Jianchun & Zhou, Qizhen & Xie, Liqiang & Chen, Wenjie, 2024. "Predicting the electric power consumption of office buildings based on dynamic and static hybrid data analysis," Energy, Elsevier, vol. 290(C).
    20. Jiang, Hongyan & Cheng, Feng & Wu, Cong & Fang, Dianjun & Zeng, Yuhai, 2024. "A multi-period-sequential-index combination method for short-term prediction of small sample data," Reliability Engineering and System Safety, Elsevier, vol. 242(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:17:y:2024:i:19:p:4910-:d:1489799. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.