Friday, November 16, 2018

A Look at the Complexities of Energy Load Forecasting


Dianoush Emami has a background in electrical engineering, including extensive experience in the design and implementation of safety protocols and programs at power plants. Over the course of his career, Dianoush Emami has guided diverse geotechnical and structural elements for projects spanning power and water facilities, including the measurement and forecasting of electricity loads

The complexity of electricity load forecasting reflects the variety of generating units and their associated production capacities. Because it is difficult to store electricity, generation must meet consumption demands in real time to be profitable. “Electricity load” describes the direct relationship between electricity demand and electricity generation costs. 

Owners of generated electricity assets require an accurate forecast of expected load demands within specific markets. This is undertaken across forecast horizons ranging from as little as a single hour to a week or more. Factors taken into consideration include weather, season, day of week, and time. Accurate load forecasts require complex, nonlinear modeling of load-weather and other relationships.