Modelling peak electricity demand

✍ Scribed by Robert F. Engle; Chowdhury Mustafa; John Rice

• Publisher: John Wiley and Sons
• Year: 1992
• Tongue: English
• Weight: 667 KB
• Volume: 11
• Category: Article
• ISSN: 0277-6693
• DOI: 10.1002/for.3980110306

✦ Synopsis

This paper estimates a forecasting equation for the hourly peak electricity demand one day in the future. The models incorporate deterministic influences such as holidays, stochastic influences such as average loads by building bivariate models, and exogenous influences such as the weather which is given a careful non-linear formulation. Out-of-sample comparisons are made using an additional year of data.