DocumentCode
1286394
Title
Economic impact analysis of load forecasting
Author
Ranaweera, Damitha K. ; Karady, George G. ; Farmer, Richard C.
Author_Institution
Dept. of Electr. Eng., Arizona State Univ., Tempe, AZ, USA
Volume
12
Issue
3
fYear
1997
fDate
8/1/1997 12:00:00 AM
Firstpage
1388
Lastpage
1392
Abstract
This paper examines the economic impact of inaccurate load forecasts. Monte Carlo simulations are used to study the effect of different load forecasting accuracy. Investigations into the effect of improving the daily peak load forecasts, effect of different seasons of the year and effect of utilization factors are also presented
Keywords
Monte Carlo methods; economics; load forecasting; power system analysis computing; Monte Carlo simulations; daily peak load forecasts; economic impact analysis; load forecasting accuracy; power system load forecasting; seasonal effects; utilization factors; Costs; Economic forecasting; Fuel economy; Load forecasting; Power generation economics; Power system analysis computing; Power system economics; Power system planning; Power system security; Power systems;
fLanguage
English
Journal_Title
Power Systems, IEEE Transactions on
Publisher
ieee
ISSN
0885-8950
Type
jour
DOI
10.1109/59.630486
Filename
630486
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