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Lecture 2 Load forecasting
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| Page | 1/17 | | Date | 30.10.2021 | | Size | 0.57 Mb. | | #57598 |
| Lecture 2 Lecture 2 Purpose of Load forecast
1 Hour 1 Week
Short term
1 week 1 Year
Medium Term
- Applied in units outage scheduling and budgeting for operational resources.
> 1 Year
Long term
Ensure Power generation Matches expected load
- Due to the deregulation of the energy industries, load forecasting becomes more important, for the following influencers:
- Fluctuating supply and demand by the changes of weather conditions, and
- Ability to actively perform proactive Demand side management, and
- Energy prices increases by a factor of ten or more during peak situations.
- Short-term load forecasting can help to estimate load flows and to make decisions that can prevent overloading.
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