ARTIFICIAL NEURAL NETWORKS APPLICATION TO PREDICTION OF ELECTRICITY CONSUMPTION

In this paper, we will present an artificial neural network (ANN) model trained to forecast hourly electricity consumption of energy in industry for a day-ahead. We will start with a brief analysis of the global electricity market with a special reference to the Serbian market. Next, the daily electricity consumption amounts between August 1 st and December 19 th 2019 will be analyzed using statistical tools. According to the obtained results, we will give predictions of our models, based on different number of previous days.