Economic impact analysis of load forecasting

D. K. Ranaweera, G. G. Karady, R. G. Farmer

Research output: Contribution to journalArticle

1 Scopus citations

Abstract

This paper examines the economic impact of inaccurate load forecasts. Monte Carlo simulations were 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 presented.

Original languageEnglish (US)
Number of pages1
JournalIEEE Power Engineering Review
Volume17
Issue number2
StatePublished - Dec 1 1997

ASJC Scopus subject areas

  • Electrical and Electronic Engineering

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    Ranaweera, D. K., Karady, G. G., & Farmer, R. G. (1997). Economic impact analysis of load forecasting. IEEE Power Engineering Review, 17(2).