Methods and instruments for power consumption forecasting in electric power companies

Abstract

The present paper proposes a solution to the analysis and forecasting of power consumption. The authors have developed forecasting methods based on a seasonal shape technique and meteorological factor consideration technique. The software is designed on the basis of the aforesaid techniques. This software is the main tool used by more than 100 electric power companies in Russia and Ukraine as well as the main tool for power consumption planning by the System Operator of the United Power System of Russia.