Investigation of the impact of changes in demand forecasting method on the financial performance of an electricity supply undertaking

Peak demand forecasts obtained from six different univariate forecasting methods, under a range of conditions, were used to drive a capacity acquisition model of a large electrical supply system; and the resulting physical and financial performance of the model was observed for each set of forecasts...

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Bibliographic Details
Published inInternational journal of electrical power & energy systems Vol. 7; no. 3; pp. 131 - 137
Main Authors Price, D.H.R., Sharp, J.A.
Format Journal Article
LanguageEnglish
Published Elsevier Ltd 01.01.1985
Subjects
capacity acquisition
corporate models
demand forecasting
electric power supply system
demand forecasting
capacity acquisition
electric power supply system
corporate models
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Summary:Peak demand forecasts obtained from six different univariate forecasting methods, under a range of conditions, were used to drive a capacity acquisition model of a large electrical supply system; and the resulting physical and financial performance of the model was observed for each set of forecasts. The results obtained are discussed in the context of their implications for the choice of load forecasting method used in capacity acquisition planning by a power supply undertaking.
ISSN:0142-0615
1879-3517
DOI:10.1016/0142-0615(85)90041-9