Smart and intelligent energy monitoring systems: A comprehensive literature survey and future research guidelines

Abstract

Computationally intelligent energy forecasting methods for appropriate energy management at the consumer/producer side have a positive impact on the preservation of energy and play a constructive role in tackling global climate change. The energy production and consumption are very high worldwide, demanding intelligent methods with real-world implementation potentials for appropriate energy management. In this paper, we survey the existing intelligent load forecasting (ILF) systems, highlight their advantages and downsides, and briefly discuss the workflow of the employed literature. Furthermore, we debate on the existing load forecasting datasets and their features along with a brief overview of the challenges confronted by researchers using these datasets. Distinct from previous survey papers, we provide a detailed review of performance evaluation metrics and comparison of employed methods for energy load forecasting, thereby concluding the need of efficient, effective, and adoptable ILF methods functional in real-world scenarios. Finally, we assess the employed techniques and deliver future research opportunities based on the derived conclusions from existing research works. This paper delivers the overall energy forecasting literature in a compact form with possible future insights for researchers working in ILF domain.