Abstract

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.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.