Evaluation of electrical load growth rate in a wholesale electricity market

Abstract

This paper presents an electricity growth rate (eLGr) model for a given wholesale electricity market (WEM) over a period of time. It combines the existing growth models with other statistical and analytical test tools to develop the proposed model; which is then tested in Matlab environment and performed excellently well. The accuracy of the results obtained from it, compare very well with those obtained elsewhere. Furthermore, the proposed model is faster and specifies the appropriate function required.