Data mining and analysis for predicting electrical energy consumption

Abstract

In this study paper, the feasibility of constructing a complete smart system for anticipating electrical power consumption is created, as electricity's market share is expected to expand over the future decades. Smart grids and smart meters will help utility companies and their customers soon. New services and businesses in energy management need software development and data analytics skills. New services and enterprises are competitive. The project's electricity consumers are categorized by their hourly power usage percentage. This classification was done using data mining (five algorithms in specific) and data analysis theory. This division aims to help each group minimize energy use and expenditures, encourage energy-saving activities, and promote consumer involvement by giving tailored guidance. The intended segmentation is done through an iterative process using a computer classification computation, post-analysis, and data mining with visualization and statistical methodologies.