A Simple Regression Model for Electrical Energy Forecasting
|J. Kumaran @ Kumar1, G. Ravi2
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Long term load forecasting is an important aspect of electric utility resource planning and utility expansion. This paper presents a simple regression analysis based model involving population and per capita GDP for long term forecasting of India’s sector-wise electrical energy demand. The model requires an input, the year of the forecast, and predicts the sector-wise energy demand. Sector-wise energy consumption during the years 1990 -2012 forms the data for developing the forecasting model. It presents the forecasted sector-wise energy demands up to the 2025.