Short-Term Forecasting: A Review of Procedures in the Electricity Supply Industry

Abstract

A review of forecasting procedures which have been developed in the electricity supply industry to serve the short-term needs of load dispatching is presented. The procedures are broadly categorised into whether or not use is made of a standard load concept. From the point of view of comparative research in applied forecasting, some comments are proposed on the wide variety of methods which have been developed for basically similar problems.