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Resource Planning
Day 2 – Session 5b
Demand Forecasting – Short Term
Short-term Demand Forecasting
Key Purpose:
• Market operations plan and execution (CPPA)
• Unit dispatch plan and execution (NTDC)
• Demand-side plan and execution (load shedding, DR, self gen) (NTDC and
DISCOs)
• Generation bidding plan and execution (GENCOs)
• Wholesale trading plan and execution (DISCOs)
Time horizon:
• Month and Week ahead
• Day ahead
• Hours/ sub hours ahead
Slide 2
Short-term Demand Forecasting
Slide 3
Short-term Demand Forecasting
Slide 4
Short-term Demand Forecasting
(Regression)
Slide 5
Short-term Demand Forecasting
(Trending, Load Research, Pattern Recognition)
Slide 6
Short-term Demand Forecasting
Major Issues:
• Typical forecasting methods, FC average/typical value
• Short-term forecasting requires better precision than average/typical
• Need to identify factors that affect demand significantly, if different from
average/typical conditions e.g. weather conditions
• Requires adjustment to average/typical forecasts, as per the value of
special factor e.g. weather condition on day of forecast
• For that, precise relationship between demand and special factor need to
be established e.g. for every 1oC rise in temp the demand increases by
xMW
• Requires separate regression modelling with historic data
Slide 7
Load Research Data and Usage
Slide 8
Short-term Demand Forecasting
(Recommendations)
Slide 9