Long Term Energy Demand Forecast (LTEDF)

Long term energy demand forecast is the preliminary step in planning future generation, transmission and distribution facilities. It uses historical information of area wise, category wise energy consumption and other correlated social and economic variables to project the energy demand requirement for the future years. The results of the long-term energy demand forecast, in conjunction with the projection of the electricity tariff’s, expenditures, investment history, planned future additions required etc. can be used to perform suitable financial analysis to provide information about the financial needs of an electric utility company. Future electrical energy requirement projections provide basis for market analysis for different electrical equipment manufacturers.

General Features of LTEDF

• Trend Analysis. Linear, Quadratic, Exponential and Polynomial Trends.
• Linear Multi-variable Regression Analysis.
• End Use Methods.
• Partial End Use Methods.
• Scenario Approaches.
• In built statistical calculations to assess the accuracy of predictions.
• Micro and Macro area predictions. Smoothening of micro area predictions based on Macro area predictions.
• Predictions for energy related, socio-economic and finance related variables.
• Graphic representation of trends as X-Y Plots, Bar Charts, Pie Charts.