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Forecasting day-ahead electricity prices: A review of state-of-the-art algorithms, best practices and an open-access benchmark

Extreme learning machine (ELM) is a training algorithm for single hidden layer feedforward neural network (SLFN), which converges much faster than traditional methods and yields promising performance In this paper, we hope to present a comprehensive review on ELM Firstly, we will focus on the theoretical analysis including universal approximation theory and generalization Then, the various improvements are listed, which help ELM works better in terms of stability, efficiency, and accuracy Because of its outstanding performance, ELM has been successfully applied in many real-time learning tasks for classification, clustering, and regression Besides, we report the applications of ELM in medical imaging: MRI, CT, and mammogram The controversies of ELM were also discussed in this paper We aim to report these advances and find some future perspectives

/pdf/a-review-on-extreme-learning-machine-104atei4jg.pdf

A review on extreme learning machine

The vehicular networks constructed by interconnected vehicles and transportation infrastructure are vulnerable to cyber-intrusions due to the expanded use of software and the introduction of wireless interfaces. Intrusion detection systems (IDSs) can be customized efficiently in response to this increased attack surface. There has been significant progress in detecting malicious attack traffic using machine learning approaches. However, existing IDSs require network devices with powerful computing capabilities to continuously train and update complex network models, which reduces the efficiency and defense capability of intrusion detection systems due to limited resources and untimely model updates. This work proposes a cooperative intrusion detection mechanism that offloads the training model to distributed edge devices (e.g., connected vehicles and roadside units (RSUs). Distributed federated-based approach reduces resource utilization of the central server while assuring security and privacy. To ensure the security of the aggregation model, blockchain is used for the storage and sharing of the training models. This work analyzes common attacks and shows that the proposed scheme achieves cooperative privacy-preservation for vehicles while reducing communication overhead and computation cost.

Blockchain and Federated Learning for Collaborative Intrusion Detection in Vehicular Edge Computing

Predictions of renewable energy (RE) generation and electricity load are critical to smart grid operation. However, the prediction task remains challenging due to the intermittent and chaotic character of RE sources, and the diverse user behavior and power consumers. This article presents a novel method for the prediction of RE generation and electricity load using improved stacked gated recurrent unit-recurrent neural network (GRU-RNN) for both univariate and multivariate scenarios. First, multiple sensitive monitoring parameters or historical electricity consumption data are selected according to the correlation analysis to form the input data. Second, a stacked GRU-RNN using a simplified GRU is constructed with improved training algorithm based on AdaGrad and adjustable momentum. The modified GRU-RNN structure and improved training method enhance training efficiency and robustness. Third, the stacked GRU-RNN is used to establish an accurate mapping between the selected variables and RE generation or electricity load due to its self-feedback connections and improved training mechanism. The proposed method is verified by using two experiments: prediction of wind power generation using multiple weather parameters and prediction of electricity load with historical energy consumption data. The experimental results demonstrate that the proposed method outperforms state-of-the-art methods of machine learning or deep learning in achieving an accurate energy prediction for effective smart grid operation.

/pdf/a-stacked-gru-rnn-based-approach-for-predicting-renewable-5cs9zxcej9.pdf

A Stacked GRU-RNN-Based Approach for Predicting Renewable Energy and Electricity Load for Smart Grid Operation

A novel Peer-to-peer (P2P) energy trading scheme for a Virtual Power Plant (VPP) is proposed by using Smart Contracts on Ethereum Blockchain Platform. The P2P energy trading is the recent trend the power society is keen to adopt carrying out several trial projects as it eases to generate and share the renewable energy sources in a distributed manner inside local community. Blockchain and smart contracts are the up-and-coming phenomena in the scene of the information technology used to be considered as the cutting-edge research topics in power systems. Earlier works on P2P energy trading including and excluding blockchain technology were focused mainly on the optimization algorithm, Information and Communication Technology, and Internet of Things. Therefore, the financial aspects of P2P trading in a VPP framework is focused and in that regard a P2P energy trading mechanism and bidding platform are developed. The proposed scheme is based on public blockchain network and auction is operated by smart contract addressing both cost and security concerns. The smart contract implementation and execution in a VPP framework including bidding, withdrawal, and control modules developments are the salient feature of this work. The proposed architecture is validated using realistic data with the Ethereum Virtual Machine (EVM) environment of Ropsten Test Network.

/pdf/peer-to-peer-energy-trading-in-virtual-power-plant-based-on-4jv7j45fh8.pdf

Peer-to-Peer Energy Trading in Virtual Power Plant Based on Blockchain Smart Contracts

Local energy generation and peer to peer (P2P) energy trading in the local market can reduce the energy consumption cost, emission of harmful gases (as renewable energy sources are used to generate energy at user's premises) and increase the smart grid resilience. However, local energy trading with peers can have trust and privacy issues. A centralized system can be used to manage this energy trading but it increases the overall cost of the system and also faces several issues. In this paper, to implement a hybrid P2P energy trading market, a blockchain-based system is proposed. It is fully decentralized and allows the market members to interact with each other and trade energy without involving a third party. Smart contracts play a very important role in the blockchain-based energy trading market. They contain all the necessary rules for energy trading. We have proposed three smart contracts to implement the hybrid electricity trading market. The market members interact with the main smart contract, which requests P2P and prosumer to grid smart contracts for further processing. The main objectives of this paper are to propose a model to implement an efficient hybrid energy trading market while reducing cost and peak to average ratio of electricity.

/pdf/a-blockchain-based-load-balancing-in-decentralized-hybrid-11wurn2xvn.pdf

A Blockchain-Based Load Balancing in Decentralized Hybrid P2P Energy Trading Market in Smart Grid

In this paper, a blockchain-based secure data sharing mechanism is proposed for Vehicular Networks (VNs). Edge service providers are introduced along with ordinary nodes to efficiently manage service provisioning. The edge service providers are placed in the neighborhood of the ordinary nodes to ensure smooth communication between them. The huge amount of data generated by smart vehicles is stored in a distributed file storage system, known as Interplanetary File System (IPFS). It is used to tackle the issues related to data storage in centralized architectures, such as data tampering, lack of privacy, vulnerability to hackers, etc. Monetary incentives are given to edge vehicle nodes to motivate them for accurate and timely service provisioning to ordinary nodes. In response, ordinary nodes give reviews to the edge nodes against the services provided by them, which are further stored in a blockchain to ensure integrity, security and transparency. Smart contracts are used to automate the system processes without the inclusion of an intermediate party and to check the reviews given to the edge nodes. To optimize gas consumption and to enhance the system performance, a Proof of Authority (PoA) consensus mechanism is used to validate the transactions. Moreover, a caching system is introduced at the edge nodes to store frequently used services. Furthermore, both security and privacy are enhanced in the proposed system by incorporating a symmetric key cryptographic mechanism. A trust management mechanism is also proposed in this work to calculate the nodes’ reputation values based upon their trust values. These values determine the authenticity of the nodes involved in the network. Eventually, it is concluded from the simulation results that the proposed system is efficient for VNs.

https://www.mdpi.com/2076-3417/10/6/2011/pdf

Blockchain-Based Secure Data Storage for Distributed Vehicular Networks

The drastic increase in real-time vehicle generated data of various types has imparted a great concept of data trading in vehicular networks. Whereas immense usage of Electric Vehicles (EVs) as mobile energy carriers have supported distributed energy trading due to their bidirectional charging and discharging capabilities. The trustless environment of Internet of Electric Vehicles (IoEV), including fuel vehicles and EVs, encounters trading disputes and conflicting interests among trading parties. To address these challenges, we exploit consortium blockchain to maintain transparency and trust in trading activities. Smart contracts are used to tackle trading disputes and illegal actions. Data duplication problem occurs when a dishonest user sell previously traded data multiple times for financial gain. Therefore, data duplication validation is done through previously stored hash-list at roadside units (RSUs) employed with bloom filters for efficient data lookup. Removing data duplication at an earlier stage reduces storage cost. Moreover, an elliptic curve bilinear pairing based digital signature scheme is used to ensure the reliability and integrity of traded data. To ensure persistent availability of traded data, InterPlanetary File System (IPFS) is used, which provides fault-tolerant and a reliable data storage without any single point of failure. On the other hand, the energy trading transactions among EVs face some security and privacy protection challenges. An adversary can infer the energy trading records of EVs, and launch the data linkage attacks. To address this issue, an account generation technique is used that hides the energy trading trends. The new account generation for an EV depends upon its traded volume of energy. The experimental results verify the efficiency of the proposed data and energy trading scheme in IoEV with the reliable and secure data storage.

/pdf/blockchain-based-data-and-energy-trading-in-internet-of-1pi72s9pxz.pdf

Blockchain Based Data and Energy Trading in Internet of Electric Vehicles

A Smart Grid (SG) is a modernized grid to provide efficient, reliable and economic energy to the consumers. Energy is the most important resource in the world. An efficient energy distribution is required as smart devices are increasing dramatically. The forecasting of electricity consumption is supposed to be a major constituent to enhance the performance of SG. Various learning algorithms have been proposed to solve the forecasting problem. The sole purpose of this work is to predict the price and load efficiently. The first technique is Enhanced Logistic Regression (ELR) and the second technique is Enhanced Recurrent Extreme Learning Machine (ERELM). ELR is an enhanced form of Logistic Regression (LR), whereas, ERELM optimizes weights and biases using a Grey Wolf Optimizer (GWO). Classification and Regression Tree (CART), Relief-F and Recursive Feature Elimination (RFE) are used for feature selection and extraction. On the basis of selected features, classification is performed using ELR. Cross validation is done for ERELM using Monte Carlo and K-Fold methods. The simulations are performed on two different datasets. The first dataset, i.e., UMass Electric Dataset is multi-variate while the second dataset, i.e., UCI Dataset is uni-variate. The first proposed model performed better with UMass Electric Dataset than UCI Dataset and the accuracy of second model is better with UCI than UMass. The prediction accuracy is analyzed on the basis of four different performance metrics: Mean Absolute Percentage Error (MAPE), Mean Absolute Error (MAE), Mean Square Error (MSE) and Root Mean Square Error (RMSE). The proposed techniques are then compared with four benchmark schemes. The comparison is done to verify the adaptivity of the proposed techniques. The simulation results show that the proposed techniques outperformed benchmark schemes. The proposed techniques efficiently increased the prediction accuracy of load and price. However, the computational time is increased in both scenarios. ELR achieved almost 5% better results than Convolutional Neural Network (CNN) and almost 3% than LR. While, ERELM achieved almost 6% better results than ELM and almost 5% than RELM. However, the computational time is almost 20% increased with ELR and 50% with ERELM. Scalability is also addressed for the proposed techniques using half-yearly and yearly datasets. Simulation results show that ELR gives 5% better results while, ERELM gives 6% better results when used for yearly dataset.

https://www.mdpi.com/1996-1073/12/5/866/pdf

Muhammad Umar Javed

Papers

A Blockchain-Based Load Balancing in Decentralized Hybrid P2P Energy Trading Market in Smart Grid

Blockchain-Based Secure Data Storage for Distributed Vehicular Networks

Blockchain Based Data and Energy Trading in Internet of Electric Vehicles

Short-Term Electric Load and Price Forecasting Using Enhanced Extreme Learning Machine Optimization in Smart Grids

An adaptive synthesis to handle imbalanced big data with deep siamese network for electricity theft detection in smart grids