Transcription of Load Forecasting: Methods & Techniques
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Load Forecasting: Methods & Techniques
Dr. Chandrasekhar Reddy AtlaLoad Forecasting: Methods & TechniquesAbout PRDCP ower System Studies, a time -horizon PerspectivePower System Planning1 year 10 years1 week 1 yearMaintenance schedulingUnit CommitmentEconomic dispatch & OPFA utomatic 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 produ
The most important modeling techniques used for short term load forecasting can be categorized into 3 groups such as: •Time Series Analysis (AR, ARX, ARMA etc.) •Multiple linear regression •Expert systems approach (like Neural networks, Fuzzy logic)
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