What is short-term load forecasting?

Short-term load forecasting is the process of predicting the demand or consumption of electricity over a short period, typically ranging from a few hours to a few weeks ahead. It is a crucial task for power system operators and energy companies as it helps them make informed decisions regarding generation, distribution, and resource management. Short-term load forecasting involves analyzing historical demand patterns, weather conditions, economic indicators, and other relevant factors to develop accurate predictions. These forecasts help in optimizing the allocation of resources, maintaining grid stability, and meeting energy demands efficiently.

Short-term Load Forecasting Electricity Demand Power System Planning Time Series Analysis Predictive Modeling

What is short-term load forecasting?

This mind map was published on 17 October 2023 and has been viewed 84 times.

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