A Survey of Quantitative Techniques in Electricity Consumption—A Global Perspective

Atif Maqbool Khan and Artur Wyrwa ()
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Atif Maqbool Khan: Faculty of Energy and Fuels, AGH University of Science and Technology, Al. Mickiewicza, 30-059 Kraków, Poland
Artur Wyrwa: Faculty of Energy and Fuels, AGH University of Science and Technology, Al. Mickiewicza, 30-059 Kraków, Poland

Energies, 2024, vol. 17, issue 19, 1-38

Abstract: This study uses the Scopus and Web of Science databases to review quantitative methods to forecast electricity consumption from 2015 to 2024. Using the PRISMA approach, 175 relevant publications were identified from an initial set of 821 documents and subsequently subjected to bibliometric analysis. This analysis examined publication trends, citation metrics, and collaboration patterns across various countries and institutions. Over the period analyzed, the number of articles has steadily increased, with a more rapid rise observed after 2020. Although China dominates this research field, strong bibliographic coupling worldwide indicates significant international collaboration. The study suggests that no single method consistently outperforms others across all contexts and that forecasting methods should be adapted to regional contexts, considering specific economic, social, and environmental factors. Furthermore, we emphasize that review papers should compare methods and results regarding both time horizon and temporal resolution, as these aspects are crucial for the accuracy and applicability of the forecasts.

Keywords: survey; systematic review; quantitative methods; electricity consumption (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2024
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