Electricity Demand Forecasting Using Regression Techniques
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Accurate demand forecasting is very important for electric utilities in a competitive environment created by the electric industry deregulation. By using regression analysis, we have analyzed the electricity demand forecast of all-India demand data. Forecast is compared with partial end-use technique. Multiple regression method has been used for forecasting electricity demand by selecting various combinations of independent variables such as Net State Domestic Product (NSDP), Sector-wise Domestic Savings Household sector, Consumers, Connected Load, etc. It was found that sector-wise Net Domestic Savings Household sector was very effective for ascertaining the future electricity demand in the domestic sector in the country.
KeywordsForecasting Load Electricity
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