Electricity Demand Forecasting: An Essential Tool for Power System Planning, Operation and Control

  • Authors:
  • Fawwaz Elkarmi;Nazih Abu Shikhah

  • Affiliations:
  • Higher Council for Science and Technology, Amman, Jordan;Electricity Regulatory Commission, Amman, Jordan

  • Venue:
  • International Journal of Productivity Management and Assessment Technologies
  • Year:
  • 2014

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Abstract

Forecasting is the backbone of any planning process in all fields of interest. It has a great impact on future decisions. It is also of great importance to the operation and control of business, which is reflected as profits or losses to the entity. This paper aims to provide the planner with sufficient knowledge and background of the different scopes of forecasting methods, in general, and when applied to power system field, in particular. Various load and energy forecasting models, and theoretical techniques are discussed from different perspectives, time frames, and levels. The paper presents the attributes and importance of forecasting through several cases of research conducted by the author for the Jordanian power system. In all cases the methodologies selected cover short, medium and long term forecasting periods and the results are accurate.