Brief

Forecasting Electricity Demand : An Aid for Practitioners

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collection.link.261
https://openknowledge.worldbank.org/handle/10986/17135
collection.name.261
Live Wire
dc.contributor.author
Steinbuks, Jevgenijs
dc.contributor.author
de Wit, Joeri
dc.contributor.author
Kochnakyan, Artur
dc.contributor.author
Foster, Vivien
dc.date.accessioned
2017-03-02T21:21:08Z
dc.date.available
2017-03-02T21:21:08Z
dc.date.issued
2017
dc.date.lastModified
2021-05-26T09:05:19Z
dc.description.abstract
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.
en
dc.identifier
http://documents.worldbank.org/curated/en/600501488434824083/Forecasting-electricity-demand-an-aid-for-practitioners
dc.identifier.uri
http://hdl.handle.net/10986/26189
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Live Wire;2017/73
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
electricity demand
dc.subject
forecasting
dc.subject
energy market
dc.subject
electricity generation
dc.title
Forecasting Electricity Demand
en
dc.title.subtitle
An Aid for Practitioners
en
dc.type
Brief
en
okr.date.disclosure
2017-03-02
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Brief
okr.docurl
http://documents.worldbank.org/curated/en/600501488434824083/Forecasting-electricity-demand-an-aid-for-practitioners
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/26189
okr.identifier.externaldocumentum
090224b0849a4a04_1_0
okr.identifier.internaldocumentum
27236255
okr.identifier.report
113109
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/600501488434824083/pdf/113109-BRI-LWLJfinOKR-PUBLIC.pdf
en
okr.topic
Energy :: Electric Power
okr.topic
Energy :: Energy Demand
okr.unit
DECRG: Environment & Energy (DECEE)

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