Forecasting Demand for Electricity: Some Methodological Issues and an Analysis

Vijayamohanan Pillai N.

MPRA Paper from University Library of Munich, Germany

Abstract: Electricity demand projection is of utmost importance as electricity has become a vital input to the wellbeing of any society, driving the demand for it from an ever-expanding set of diverse needs to grow on an increasing rate, which in turn places increasing demands on scarce resources of capital investment, material means, and man-power. More specifically, the continuing ‘energy crisis’ has made crucial the need for accurate projection of electricity demand; hence the importance of the forecasting methods. The present paper critically evaluates the electricity demand forecasting methodology and proposes a methodology in the classical time series framework.

Keywords: Electricity demand; Forecasting; Kerala; Time series analysis (search for similar items in EconPapers)
JEL-codes: C32 L94 (search for similar items in EconPapers)
Date: 2008-05-29
New Economics Papers: this item is included in nep-cwa, nep-ene and nep-for
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:8899

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