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Load Forecasting: Methods & Techniques - SAARC Energy

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Dr. Chandrasekhar Reddy AtlaLoad forecasting : Methods & TechniquesAbout PRDCPower System Studies, a Time-horizon PerspectivePower System Planning1 year 10 years1 week 1 yearMaintenance schedulingUnit CommitmentEconomic dispatch & OPFAutomatic Generation ControlPower System DynamicsPower System TransientsMinutes 1 weekMilliseconds -secondsNanoseconds micro secondsPower system OperationHTLoad ForecastGeneration PlanningNetwork PlanningPower System PlanningState planning & Energy policyEnergy PlanningLoad forecastingGeneration planningNetwork planningStructure of power system planning The term forecast refers to projected load requirements, determined using a systematic process of defining future loads in sufficient quantitative detail to permit important system expansion decisions to be made. Required for Capacity planning Network Planning Generation and transmission capital investment Financial forecasting Efficient Power Procurement Selling of Excess Power Planning of fuel ordering Optimum Supply Schedule Renewable Planning Fuel Mix SelectionLoad forecasting : IntroductionThe demand for electricity depends on a number of socio-economic factors such as Economic growth, Industrial production New technological developments that influence the life styles, Governmental policies etc.

Forecasting the future needs for electricity is a difficult task Electricity production and distribution are highly capital intensive Projects are large and lead times are long Forecasting can not be an isolated activity ... modeling approaches. Load Forecasting : ...

  Forecasting, Approaches

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