Microgrids have recently emerged as a building block for smart grids combining
distributed renewable energy sources (RESs), energy storage devices, and load
management methodologies. The intermittent nature of RESs brings several
challenges to the smart microgrids, such as reliability, power quality, and balance between supply and demand. Thus, forecasting power generation from
RESs, such as wind turbines and solar panels, is becoming essential for the
efficient and perpetual operations of the power grid and it also helps in attaining optimal utilization of RESs. Energy demand forecasting is also an integral
part of smart microgrids that helps in planning the power generation and energy trading with commercial grid. Machine learning (ML) and deep learning
(DL) based models are promising solutions for predicting consumers’ demands
and energy generations from RESs. In this context, this manuscript provides
a comprehensive survey of the existing DL-based approaches, which are developed for power forecasting of wind turbines and solar panels as well as electric
power load forecasting. It also discusses the datasets used to train and test
the different DL-based prediction models, enabling future researchers to identify appropriate datasets to use in their work. Even though there are a few
related surveys regarding energy management in smart grid applications, they
are focused on a specific production application such as either solar or wind.
Moreover, none of the surveys review the forecasting schemes for production
and load side simultaneously. Finally, previous surveys do not consider the
datasets used for forecasting despite their significance in DL-based forecasting
approaches. Hence, our survey work is intrinsically different due to its data centered view, along with presenting DL-based applications for load and energy
generation forecasting in both residential and commercial sectors. The comparison of different DL approaches discussed in this manuscript reveals that the
efficiency of such forecasting methods is highly dependent on the amount of
the historical data and thus a large number of data storage devices and high
processing power devices are required to deal with big data. Finally, this study
raises several open research problems and opportunities in the area of renewable
energy forecasting for smart microgrids.
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