What is short term load forecasting?

Short-term load forecasting refers to the prediction of electricity demand over a short period, typically ranging from a few hours to a week into the future. This forecasting technique plays a crucial role in power system planning and operation, as it allows utilities and grid operators to ensure a reliable and efficient electricity supply. Short-term load forecasting relies on various factors such as historical consumption data, weather patterns, day of the week, and special events that may affect electricity consumption. Accurate short-term load forecasting helps grid operators optimize power generation and distribution, prevent blackouts, and manage resources effectively, contributing to the stability and sustainability of the electricity grid.

This mind map was published on 17 October 2023 and has been viewed 73 times.