Title :
Forecasting the total impact of major new industrial plant on company electric energy requirements
Author :
Morrissey, A.P., Jr. ; Van Toai, N.N.
Author_Institution :
American Electr. Power Service Corp., Columbus, OH, USA
Abstract :
The authors describe the application of advanced econometric techniques and economic theory to better forecast the total impact of a major new industrial plant on a utility´s internal energy requirements. A simultaneous-equation system linking the various economic sectors of a utility´s service area is estimated and impact stabilizers are derived from the coefficients. The multipliers predict both the primary and secondary effects of a new plant on local employment and income. These variables are then used in energy models to forecast the total increase in electric load-including both primary and secondary gains-caused by the new plant.<>
Keywords :
controllers; load forecasting; power systems; company electric energy requirements; economics; simultaneous-equation system; stabilizers; Couplings; Econometrics; Economic forecasting; Employment; Industrial plants; Load forecasting; Manufacturing; Power generation economics; Power industry; Power system economics;
Journal_Title :
Power Systems, IEEE Transactions on
