Profit analysis of iraqi smart energy storage power supply

How to predict energy supply and demand in Iraq?

The performance of these models is evaluated using the metrics MSE, RMSE, MAE, WAPE, and MAPE. The proposed methodology aims to establish an experimental framework for the prediction of energy supply and demand in Iraq.

How does smart metering help to predict energy demand in Iraq?

The advent of modern systems, such as smart meters and other advanced metering frameworks, allows data on the bidirectional flow of energy to be obtained . Such data can be analyzed and utilized for future prediction and forecasting. 1.2. Energy demand issue in Iraq

Can machine learning improve energy demand and supply predictions in Iraq?

As future work, the study aspires to delve into hybrid forecasting models that combine machine learning and deep learning models, aiming to further elevate the accuracy and reliability of energy demand and supply predictions in Iraq.

Can artificial intelligence solve Iraq's energy shortage?

Iraq's energy shortage is a problem that can be effectively addressed with Artificial Intelligence techniques. The role of AI techniques is considered a solution to the challenges of energy demand / supply forecasting and distribution. Six well-known AI algorithms in the literature were used for power supply and demand forecasting.

Why is energy demand a problem in Iraq?

Energy demand issue in Iraq The unstable security situation in Iraq has had a negative impact on electric power generation, which results in a shortage of supply. Additionally, the newly introduced technologies, the lack of strategic planning, mismanagement, and infrastructure together increase the energy demand in Iraq.

Does Iraq have an electricity grid?

The electricity grid in Iraq has been severely damaged by wars, successive conflicts, and economic sanctions in the 1990s. To date, there are no studies that address the issue of electrical energy in Iraq in terms of forecasting demand and prices.