Long range electricity forecast for Canada, a methodology

final report by Dennis Rohan

Publisher: SRI International in Menlo Park, Calif

Written in English
Published: Pages: 170 Downloads: 465
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Subjects:

  • Electric utilities -- Canada -- Forecasting

Edition Notes

Statementby Dennis Rohan ; prepared for Canadian Electrical Association.
ContributionsCanadian Electrical Association, SRI International.
Classifications
LC ClassificationsHD9502C32 R62
The Physical Object
Paginationviii, 170 p. :
Number of Pages170
ID Numbers
Open LibraryOL19102161M

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Long range electricity forecast for Canada, a methodology by Dennis Rohan Download PDF EPUB FB2

The price forecasting methodology and identifies the key forecast drivers. Chapter 3 reviews the forecast assumptions and identifies the information sources on which these assumptions are based.

Chapter 4 presents the Ontario wholesale electricity market price forecast results. There are a few more books which touch upon the topic of electricity price forecasting, but they generally concentrate on modeling the stochastic price dynamics for risk management and derivatives valuation, rather than on day-ahead price forecasting; see for example Benth et al.,Bunn,Burger et al.,Eydeland and Wolyniec Cited by:   Therefore, Electric Power Load Forecasting (EPLF) is a vital process in the planning of electricity industry and the operation of electric power systems.

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Medium to long-term Demand Forecasting: Medium to long-term Demand Forecasting is typically carried out for more than 12 months to 24 months in advance ( months in certain businesses). Long-term Forecasting drives the business strategy planning, sales and marketing planning, financial planning, capacity planning, capital expenditure, etc.

Price summary (historical and forecast) ; WTI Crude Oil a dollars per barrel: Brent Crude Oil dollars per barrel. The formula takes data from the Radio ads and Revenue columns to generate a forecast.

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Financial planning uses forecasts to provide insight into future financial capacity so that strategies can be developed to achieve long-term sustainability in light of the government's service objectives and financial challenges.

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long-range expansion of the generation, transmission and distribution systems adequate to Study of the electric load forecast 5 to 30 years into the future, based on the most reliable information.

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