Incorporating weather uncertainty in demand forecasts for electricity market planning

C.J. Ziser, Z.Y. Dong and K.P. Wong

International Journal of Systems Science, 2012, vol. 43, issue 7, 1336-1346

Abstract: A major component of electricity network planning is to ensure supply capability into the future, through generation and transmission development. Accurate forecasts of maximum demand are a crucial component of this process, with future weather conditions having a large impact on forecast accuracy. This article presents an improved methodology for the consideration of weather uncertainty in electricity demand forecasts. Case studies based on the Australian national electricity market are used to validate the proposed methodology.

Date: 2012
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:taf:tsysxx:v:43:y:2012:i:7:p:1336-1346

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DOI: 10.1080/00207721.2011.598962

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