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 language||English (US)|
|Number of pages||1|
|Journal||IEEE Power Engineering Review|
|State||Published - Dec 1 1997|
ASJC Scopus subject areas
- Electrical and Electronic Engineering