Forecasting Electricity Demand : An Aid for Practitioners

Accurate forecasts of electricity demand inform investment decisions about power generation and supporting network infrastructure. Of major interest to energy policymakers, power utilities, and private investors alike, forecasts are also essential...

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Main Authors:	Steinbuks, Jevgenijs, de Wit, Joeri, Kochnakyan, Artur, Foster, Vivien
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	electricity demand forecasting energy market electricity generation
Online Access:	http://documents.worldbank.org/curated/en/600501488434824083/Forecasting-electricity-demand-an-aid-for-practitioners http://hdl.handle.net/10986/26189

id	okr-10986-26189
recordtype	oai_dc
spelling	okr-10986-261892021-05-26T09:05:19Z Forecasting Electricity Demand : An Aid for Practitioners Steinbuks, Jevgenijs de Wit, Joeri Kochnakyan, Artur Foster, Vivien electricity demand forecasting energy market electricity generation Accurate forecasts of electricity demand inform investment decisions about power generation and supporting network infrastructure. Of major interest to energy policymakers, power utilities, and private investors alike, forecasts are also essential for development professionals. Inaccurate forecasts, whether they over- or under predict demand, can have dire social and economic consequences. Underestimating demand results in supply shortages and forced power outages, with serious consequences for productivity and economic growth. Overestimating demand can lead to overinvestment in generation capacity, possible financial distress, and, ultimately, higher electricity prices. This Live Wire provides practitioners with a quick reference to historical trends for electricity demand in the developing world and to new econometric forecasts at the country level. By providing a succinct overview, it allows the patterns and interrelationships of economic growth (and other relevant drivers) to come into focus. The note also reviews demand-forecasting methodologies and discusses their applicability in different contexts. 2017-03-02T21:21:08Z 2017-03-02T21:21:08Z 2017 Brief http://documents.worldbank.org/curated/en/600501488434824083/Forecasting-electricity-demand-an-aid-for-practitioners http://hdl.handle.net/10986/26189 English en_US Live Wire;2017/73 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	electricity demand forecasting energy market electricity generation
spellingShingle	electricity demand forecasting energy market electricity generation Steinbuks, Jevgenijs de Wit, Joeri Kochnakyan, Artur Foster, Vivien Forecasting Electricity Demand : An Aid for Practitioners
relation	Live Wire;2017/73
description	Accurate forecasts of electricity demand inform investment decisions about power generation and supporting network infrastructure. Of major interest to energy policymakers, power utilities, and private investors alike, forecasts are also essential for development professionals. Inaccurate forecasts, whether they over- or under predict demand, can have dire social and economic consequences. Underestimating demand results in supply shortages and forced power outages, with serious consequences for productivity and economic growth. Overestimating demand can lead to overinvestment in generation capacity, possible financial distress, and, ultimately, higher electricity prices. This Live Wire provides practitioners with a quick reference to historical trends for electricity demand in the developing world and to new econometric forecasts at the country level. By providing a succinct overview, it allows the patterns and interrelationships of economic growth (and other relevant drivers) to come into focus. The note also reviews demand-forecasting methodologies and discusses their applicability in different contexts.
format	Brief
author	Steinbuks, Jevgenijs de Wit, Joeri Kochnakyan, Artur Foster, Vivien
author_facet	Steinbuks, Jevgenijs de Wit, Joeri Kochnakyan, Artur Foster, Vivien
author_sort	Steinbuks, Jevgenijs
title	Forecasting Electricity Demand : An Aid for Practitioners
title_short	Forecasting Electricity Demand : An Aid for Practitioners
title_full	Forecasting Electricity Demand : An Aid for Practitioners
title_fullStr	Forecasting Electricity Demand : An Aid for Practitioners
title_full_unstemmed	Forecasting Electricity Demand : An Aid for Practitioners
title_sort	forecasting electricity demand : an aid for practitioners
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/600501488434824083/Forecasting-electricity-demand-an-aid-for-practitioners http://hdl.handle.net/10986/26189
_version_	1764461096903639040

Forecasting Electricity Demand : An Aid for Practitioners

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