Abstract
AbstractMajor energy policy decisions are usually based in part upon forecasts of energy supply and demand. However an examination of the Canadian National Energy Board's forecasts of natural gas supply and demand over the last decade indicates that these forecasts were not a reliable basis for policy decisions. An analysis of the policy context underlying those forecasts reveals that they were not neutral “best guess” estimates of future supply and demand, but instead closely reflected the policy context and major project proposals of the time. The reasons for this are rooted in the nature of forecasting techniques and the way that they are used by decision-makers. This, it is argued, has important implications for the use of energy forecasting in policy planning.
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