LOADS, CUSTOMERS AND REVENUE
|
|
- Jody Hines
- 5 years ago
- Views:
Transcription
1 EB-00-0 Exhibit K Tab Schedule Page of 0 0 LOADS, CUSTOMERS AND REVENUE The purpose of this evidence is to present the Company s load, customer and distribution revenue forecast for the test year. The detailed load forecasts by rate class are shown at Exhibit K, Tab, Schedules to. Forecasts of customers by rate class are shown in Exhibit K, Tab, Schedules to. Forecast of distribution revenues by rate class are shown at Exhibit K, Tab, Schedules to. Table below provides a summary of the loads, revenues, and customer forecasts. The revenue forecast is calculated based on proposed distribution rates, excluding commodity, and excluding rate riders. Table : Total Load, Revenues and Customers Year Total GWh Total MVA Total Distribution Revenue ($M) Total Customers 00 Actual,, $., 00 Actual,, $.,0 00 Actual,,0 $., 00 Bridge,0, $.,00 00 Test,, $0.,0 Notes:. Total GWh are purchased GWh, and are weather normalized to Test Year heating and cooling assumptions.. Total kva are weather normalized kva. Distribution Revenue is weather normalized and does not include adjustment for Transformer allowance.. Total Customers are as of year-end and exclude streetlighting and unmetered load connections.
2 EB-00-0 Exhibit K Tab Schedule Page of 0 HISTORICAL LOADS Historical and total system load (actual and weather-normalized) for THESL is illustrated in Figure below. Annual Historic Purchased Energy, kwh,00,000,000,0,000,000,000,000,000,0,000,000,00,000,000,0,000,000,000,000,000,0,000,000,00,000,000,0,000,000,000,000,000,0,000,000,00,000, Actual Weather Normalized Figure : Historical Purchased Energy Since 00, there has been a significant decrease in consumption. Table below shows normalized loads and annual growth. Essentially flat growth over the period has been replaced by declining loads over the period. While it is difficult to precisely attribute this decline to any particular event, THESL believes that the impact of conservation activities both program driven and naturally occurring conservation is playing a role. More recently, economic conditions are also likely having an impact, and perhaps even reinforcing conservation activities.
3 EB-00-0 Exhibit K Tab Schedule Page of 0 0 Table : Historical Annual Load Year Normalized GWh Growth GWh Percent Change (%) 00,0 00,0.% 00, 0.% 00, 0.% 00, () (.)% 00, () (0.)% Table below shows THESL s Board-approved load forecast for 00 and 00 compared to 00 actuals and 00 forecast. The 00 forecast includes four months of actual loads. Over the two years, loads have been and are expected to be about. percent lower than previously forecast. Because the trend in lower loads is relatively recent, THESL s previous load forecasts did not have an opportunity to incorporate these negative trends. Table : Board-Approved vs. Actual Purchased Energy Forecast Year Board-Approved GWh Actual GWh Variance (%) 00,.,0. (.)% 00,.,. (.)% LOAD FORECAST METHODOLOGY The Company s revenue and load forecast is developed using multifactor regression techniques that incorporate historical load, weather, and economic data. Energy forecasts are developed for each rate class separately. Total system load is summed from the individual rate class loads. Demand at the system and rate class level is based on historical relationships between energy and demand. The forecast of customers by rate class is determined using time-series econometric methodologies. Revenues are determined by applying the proposed distribution rates to the rate class billing
4 EB-00-0 Exhibit K Tab Schedule Page of determinants for the forecast period. KWh Load Forecast The process of developing a model of energy usage involves estimating multifactor models using different input variables to determine the best fit. Based on a priori assumptions about which input variables will impact energy use, different models were fit. Using stepwise regression techniques different explanatory variables were tested with the ultimate model being determined based on model statistics and judgement. The kwh load forecast is developed using multifactor regression models for each rate class. Previously, THESL forecasted system load at an aggregate level, and then allocated loads to each rate class based on historical load shares. The updated methodology allows for greater detail in modelling loads, and allows for different variables and coefficients to be modelled for different rate classes. For example, while heating and cooling degree days impact both Residential and Large User loads, the degree to which they impact these rate classes is different. In modelling total system loads, this difference is averaged in the determination of the coefficients. Modelling the rate classes separately allows for the different interactions to be modelled independently. The structures of the models for each rate class are generally the same, however different independent variables have been used depending on which variables best fit the models. The following table summarizes the variables included in each of the rate class energy models. All of the regression models use monthly kwh per day as the dependent variable, and monthly values of independent variables from July 00 through to the latest actual values (April 00) to determine the monthly regression coefficients.
5 EB-00-0 Exhibit K Tab Schedule Page of 0 Table : Regression Variables by Rate Class Residential GS<0 GS 0-kW GS 000-kW Large Users Unmetered Load Street lighting HDD0 per day HDD0 per day HDD0 per day HDD0 per day HDD0 per day monthly dummy variables: (excluding March) Extrapolation model January to used December CDD per day CDD per day CDD per day CDD per day CDD per day Intercept term Toronto City Population Dew Point Temperature Dew Point Temperature Dew Point Temperature Dew Point Temperature Linear Trend (July 00) Business Days Percentage Business Days Percentage Business Days Percentage Business Days Percentage Blackout dummy Toronto City Number of GS 0- Number of GS - Linear Trend Population 000 kw customers MW customers (January 00) Intercept term Number of GS<0 Linear Trend Blackout dummy kw customers (January 00) Blackout dummy Linear Trend (July 00) Intercept term Blackout dummy Intercept term Blackout dummy Intercept term Intercept term Note: For USL, relatively stable loads suggested extrapolation model was best for forecasting loads.
6 EB-00-0 Exhibit K Tab Schedule Page of The main drivers of load growth over time are economic conditions, while the primary driver of year-over-year changes is weather. Both of these effects are captured within the multifactor regression model. Economic conditions are captured in the model by the customer, population, and time trend variables. Population and customer variables capture overall levels of economic activity, and were found to be statistically significant in the Residential, GS <0 kw, GS 0- kw and GS 000- kw class models. The time trend variable, which is used in the Residential, GS <0 kw, GS 000- kw and Large Users models, is intended to capture the impacts which are being seen in the decline in loads for those sectors. One of the significant drivers of these decreases is believed to be the impact of conservation natural and program delivered, within THESL s territory. Weather impacts on load are apparent in both the winter heating season, and in the summer cooling season. For that reason, both Heating Degree Days ( HDD a measure of coldness in winter) and Cooling Degree Days ( CDD measure of summer heat) are modelled. In analysing load patterns against temperature data, THESL determined that the standard definition of HDD which uses degree Celsius as the point at which loads start to be impacted by temperature was not as effective as a measure which uses 0 degree Celsius as the balance point. The following figure shows the relationship between temperatures and loads.
7 EB-00-0 Exhibit K Tab Schedule Page of 0 Purchased Energy (GWh) vs Average Temperature (ºC),00,00,00,00,00,00,00,000,00, Average monthly temperature, ºC Figure : Purchased Energy vs Average Temperature In addition to the Degree Day/Load historical analysis, HDD were calculated based on various base temperatures (,, 0,, and degree Celsius) to test their performance in the regression models. The models containing HDD based on 0-degree Celsius demonstrated the best statistical results. To better explain weather impacts, dew point temperature was also included as an additional variable for almost all customer classes (excluding Residential, Street Lighting and Unmetered Scattered Loads). This variable captures the impact of humidity on consumption, and shows a positive impact of temperature on loads during summer months and negative during winter months.
8 EB-00-0 Exhibit K Tab Schedule Page of The third main factor determining energy use in the monthly model can be classified as calendar factors. For example, the number of business days in a month will impact monthly load. To capture different number of days in the calendar months the modelling of purchased energy was performed on per-day basis. To reflect different number of business days in the month and, consequently, different number of peak hours, business days percentage was used in the class models. One dummy variable was included to reflect the impact of the 00 August blackout on energy use in that month. Exhibit K, Tab, Schedule contains the historical and forecast load and input variable details. The model statistics are shown in Exhibit K, Tab, Schedule. From the regression models, the forecast of energy usage is determined by applying the model coefficients to forecasts of the input variables. The forecast for heating, cooling degree-days and dew-point temperature inputs is based on a ten-year historical average of HDD, CDD and Dew Point. A ten-year average was chosen over the 0-year average based on analysis of the annual HDD and CDD data that shows a definite trend (see Figure below). The forecast of Toronto City population and customer numbers were derived using various extrapolation techniques (Holt-Winters model and historic linear trend extrapolation). The forecasts of the calendar variables are based on the calendars.
9 EB-00-0 Exhibit K Tab Schedule Page of 0, , HDD,00.0, CDD Figure : Historic CDD and HDD HDD CDD 0 0 Peak Demand Forecast The forecast of peak demand by customer class, which is used to determine revenue for those customers billed on a demand basis, is established using historical relationships between energy and demand. CDM Impact on kwh and kw Forecast The load forecast as described above does not explicitly take into account any load impacts arising from CDM programs undertaken by THESL. However, the inclusion of the time trend variables does capture the impacts of conservation both natural conservation and CDM program conservation. No additional adjustments for CDM are thus required. Customer Forecast Customer additions in the company s operating area have been fairly flat over recent history, with about,00 to,00 new customers (excluding Unmetered loads and streetlighting) added annually. The forecast of new customers is primarily based on extrapolation models for each rate class.
10 EB-00-0 Exhibit K Tab Schedule Page 0 of 0 The forecast of customers for the residential sector in 00 through 00 includes an estimate for new individually-metered condominium suites, as well as the conversion of some condominiums from bulk-metered to individual suite-metering. The following table provides the detail on the number of new suite metered customers expected over the 00/00 period. These numbers are included in the total residential customer forecast. Table : Individually-Metered Suites Year Individually-Metered Suites (cumulative) 00 Actual, 00 Actual,0 00, 00, 0 The detailed forecast of customers by rate class is found in Exhibit K, Tab, Schedule.
Multivariate Regression Model Results
Updated: August, 0 Page of Multivariate Regression Model Results 4 5 6 7 8 This exhibit provides the results of the load model forecast discussed in Schedule. Included is the forecast of short term system
More informationUse of Normals in Load Forecasting at National Grid
Use of Normals in Load Forecasting at National Grid Place your chosen image here. The four corners must just cover the arrow tips. For covers, the three pictures should be the same size and in a straight
More informationTRANSMISSION BUSINESS LOAD FORECAST AND METHODOLOGY
Filed: September, 00 EB-00-00 Tab Schedule Page of 0 TRANSMISSION BUSINESS LOAD FORECAST AND METHODOLOGY.0 INTRODUCTION 0 This exhibit discusses Hydro One Networks transmission system load forecast and
More informationThe Dayton Power and Light Company Load Profiling Methodology Revised 7/1/2017
The Dayton Power and Light Company Load Profiling Methodology Revised 7/1/2017 Overview of Methodology Dayton Power and Light (DP&L) load profiles will be used to estimate hourly loads for customers without
More informationDemand Forecasting Models
E 2017 PSE Integrated Resource Plan Demand Forecasting Models This appendix describes the econometric models used in creating the demand forecasts for PSE s 2017 IRP analysis. Contents 1. ELECTRIC BILLED
More informationNSP Electric - Minnesota Annual Report Peak Demand and Annual Electric Consumption Forecast
Page 1 of 5 7610.0320 - Forecast Methodology NSP Electric - Minnesota Annual Report Peak Demand and Annual Electric Consumption Forecast OVERALL METHODOLOGICAL FRAMEWORK Xcel Energy prepared its forecast
More informationFrom Sales to Peak, Getting It Right Long-Term Demand Forecasting
From Sales to Peak, Getting It Right Long-Term Demand Forecasting 12 th Annual Energy Forecasters Meeting Las Vegas, NV April 2 April 3, 2014 Terry Baxter, NV Energy Manager, Forecasting Getting the Peak
More informationAs included in Load Forecast Review Report (Page 1):
As included in Load Forecast Review Report (Page 1): A key shortcoming of the approach taken by MH is the reliance on a forecast that has a probability of being accurate 50% of the time for a business
More informationPREPARED DIRECT TESTIMONY OF GREGORY TEPLOW SOUTHERN CALIFORNIA GAS COMPANY AND SAN DIEGO GAS & ELECTRIC COMPANY
Application No: A.1-0- Exhibit No.: Witness: Gregory Teplow Application of Southern California Gas Company (U 0 G) and San Diego Gas & Electric Company (U 0 G) for Authority to Revise their Natural Gas
More information2013 Weather Normalization Survey. Itron, Inc El Camino Real San Diego, CA
Itron, Inc. 11236 El Camino Real San Diego, CA 92130 2650 858 724 2620 March 2014 Weather normalization is the process of reconstructing historical energy consumption assuming that normal weather occurred
More informationDefining Normal Weather for Energy and Peak Normalization
Itron White Paper Energy Forecasting Defining Normal Weather for Energy and Peak Normalization J. Stuart McMenamin, Ph.D Managing Director, Itron Forecasting 2008, Itron Inc. All rights reserved. 1 Introduction
More informationDesign of a Weather-Normalization Forecasting Model
Design of a Weather-Normalization Forecasting Model Final Briefing 09 May 2014 Sponsor: Northern Virginia Electric Cooperative Abram Gross Jedidiah Shirey Yafeng Peng OR-699 Agenda Background Problem Statement
More informationRD1 - Page 469 of 578
DOCKET NO. 45524 APPLICATION OF SOUTHWESTERN PUBLIC SERVICE COMPANY FOR AUTHORITY TO CHANGE RATES PUBLIC UTILITY COMMISSION OF TEXAS DIRECT TESTIMONY of JANNELL E. MARKS on behalf of SOUTHWESTERN PUBLIC
More informationFORECAST ACCURACY REPORT 2017 FOR THE 2016 NATIONAL ELECTRICITY FORECASTING REPORT
FORECAST ACCURACY REPORT 2017 FOR THE 2016 NATIONAL ELECTRICITY FORECASTING REPORT Published: November 2017 Purpose The National Electricity Rules (Rules) require AEMO to report to the Reliability Panel
More informationGorge Area Demand Forecast. Prepared for: Green Mountain Power Corporation 163 Acorn Lane Colchester, Vermont Prepared by:
Exhibit Petitioners TGC-Supp-2 Gorge Area Demand Forecast Prepared for: Green Mountain Power Corporation 163 Acorn Lane Colchester, Vermont 05446 Prepared by: Itron, Inc. 20 Park Plaza, Suite 910 Boston,
More information2013 WEATHER NORMALIZATION SURVEY. Industry Practices
2013 WEATHER NORMALIZATION SURVEY Industry Practices FORECASTING SPECIALIZATION Weather Operational Forecasting Short-term Forecasting to support: System Operations and Energy Trading Hourly Load Financial/Budget
More information2018 FORECAST ACCURACY BENCHMARKING SURVEY AND ENERGY TRENDS. Mark Quan
2018 FORECAST ACCURACY BENCHMARKING SURVEY AND ENERGY TRENDS Mark Quan Please Remember» Phones are Muted: In order to help this session run smoothly, your phones are muted.» Full Screen Mode: To make the
More informationREVISED UPDATED PREPARED DIRECT SAFETY ENHANCEMENT COST ALLOCATION TESTIMONY OF GARY LENART SAN DIEGO GAS & ELECTRIC COMPANY AND
Application No: Exhibit No.: Witness: A.--00 ) In the Matter of the Application of San Diego Gas & ) Electric Company (U 0 G) and Southern California ) Gas Company (U 0 G) for Authority to Revise ) Their
More information2006 IRP Technical Workshop Load Forecasting Tuesday, January 24, :00 am 3:30 pm (Pacific) Meeting Summary
2006 IRP Technical Workshop Load Forecasting Tuesday, January 24, 2006 9:00 am 3:30 pm (Pacific) Meeting Summary Idaho Oregon Utah Teri Carlock (IPUC) Ming Peng (OPUC), Bill Wordley (OPUC) Abdinasir Abdulle
More informationWEATHER NORMALIZATION METHODS AND ISSUES. Stuart McMenamin Mark Quan David Simons
WEATHER NORMALIZATION METHODS AND ISSUES Stuart McMenamin Mark Quan David Simons Itron Forecasting Brown Bag September 17, 2013 Please Remember» Phones are Muted: In order to help this session run smoothly,
More informationAbram Gross Yafeng Peng Jedidiah Shirey
Abram Gross Yafeng Peng Jedidiah Shirey Contents Context Problem Statement Method of Analysis Forecasting Model Way Forward Earned Value NOVEC Background (1 of 2) Northern Virginia Electric Cooperative
More informationChapter 3. Regression-Based Models for Developing Commercial Demand Characteristics Investigation
Chapter Regression-Based Models for Developing Commercial Demand Characteristics Investigation. Introduction Commercial area is another important area in terms of consume high electric energy in Japan.
More informationBEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF COLORADO * * * *
Exhibit No. 1 BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF COLORADO * * * * IN THE MATTER OF THE APPLICATION OF PUBLIC SERVICE COMPANY OF COLORADO FOR APPROVAL OF ITS 0 ELECTRIC RESOURCE PLAN
More informationInto Avista s Electricity Forecasts. Presented by Randy Barcus Avista Chief Economist Itron s Energy Forecaster s Group Meeting
Incorporating Global Warming Into Avista s Electricity Forecasts Presented by Randy Barcus Avista Chief Economist Itron s Energy Forecaster s Group Meeting May 1, 009 Las Vegas, Nevada Presentation Outline
More informationPage No. (and line no. if applicable):
COALITION/IEC (DAYMARK LOAD) - 1 COALITION/IEC (DAYMARK LOAD) 1 Tab and Daymark Load Forecast Page No. Page 3 Appendix: Review (and line no. if applicable): Topic: Price elasticity Sub Topic: Issue: Accuracy
More informationUNBILLED ESTIMATION. UNBILLED REVENUE is revenue which had been recognized but which has not been billed to the purchaser.
UNBILLED ESTIMATION UNBILLED REVENUE is revenue which had been recognized but which has not been billed to the purchaser. Presented By: Laura Ortega Sr. Manager Demand Side Analytics, CPS Energy & Andy
More informationLOAD POCKET MODELING. KEY WORDS Load Pocket Modeling, Load Forecasting
LOAD POCKET MODELING Eugene A. Feinberg, Dora Genethliou Department of Applied Mathematics and Statistics State University of New York at Stony Brook Stony Brook, NY 794-36, USA Janos T. Hajagos KeySpan
More informationForecast Postalised Tariff 2015/ /20. Utility Regulator Explanatory Note. August Introduction
Forecast Postalised Tariff 2015/16 2019/20 Utility Regulator Explanatory Note August 2015 1 Introduction Pursuant to condition 2A.4.3.1 (b) of the Gas Conveyance licences granted to GNI (UK) 1, Premier
More informationpeak half-hourly Tasmania
Forecasting long-term peak half-hourly electricity demand for Tasmania Dr Shu Fan B.S., M.S., Ph.D. Professor Rob J Hyndman B.Sc. (Hons), Ph.D., A.Stat. Business & Economic Forecasting Unit Report for
More informationSHORT TERM LOAD FORECASTING
Indian Institute of Technology Kanpur (IITK) and Indian Energy Exchange (IEX) are delighted to announce Training Program on "Power Procurement Strategy and Power Exchanges" 28-30 July, 2014 SHORT TERM
More informationBEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF COLORADO * * * * *
BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF COLORADO * * * * * IN THE MATTER OF THE APPLICATION OF PUBLIC SERVICE COMPANY OF COLORADO FOR APPROVAL OF ITS 01 RENEWABLE ENERGY STANDARD COMPLIANCE
More informationMonthly Sales Weather Normalization and Estimating Unbilled Sales. Al Bass Kansas City Power & Light EFG Meeting Las Vegas, NV April 2-3, 2014
Monthly Sales Weather Normalization and Estimating Unbilled Sales Al Bass Kansas City Power & Light EFG Meeting 2014 - Las Vegas, NV April 2-3, 2014 Project Objective To develop the ability to more accurately
More informationDesign of a Weather- Normalization Forecasting Model
Design of a Weather- Normalization Forecasting Model Progress Report Abram Gross Yafeng Peng Jedidiah Shirey 3/4/2014 TABLE OF CONTENTS 1.0 Introduction... 3 2.0 Problem Statement... 3 3.0 Scope... 3 4.0
More informationRegression Analysis Tutorial 77 LECTURE /DISCUSSION. Specification of the OLS Regression Model
Regression Analysis Tutorial 77 LECTURE /DISCUSSION Specification of the OLS Regression Model Regression Analysis Tutorial 78 The Specification The specification is the selection of explanatory variables
More information2013 FORECAST ACCURACY BENCHMARKING SURVEY AND ENERGY
2013 FORECAST ACCURACY BENCHMARKING SURVEY AND ENERGY Itron Forecasting Brown Bag June 4, 2013 Please Remember» Phones are Muted: In order to help this session run smoothly, your phones are muted.» Full
More informationProposed Changes to the PJM Load Forecast Model
Proposed Changes to the PJM Load Forecast Model Load Analysis Subcommittee April 30, 2015 www.pjm.com Agenda Overview Specific Model Improvements Usage & Efficiency Variables Weather Re-Specification Autoregressive
More informationpeak half-hourly New South Wales
Forecasting long-term peak half-hourly electricity demand for New South Wales Dr Shu Fan B.S., M.S., Ph.D. Professor Rob J Hyndman B.Sc. (Hons), Ph.D., A.Stat. Business & Economic Forecasting Unit Report
More informationBEFORE THE PUBLIC UTILITY COMMISSION OF THE STATE OF OREGON UE 294. Load Forecast PORTLAND GENERAL ELECTRIC COMPANY. Direct Testimony and Exhibits of
UE 294 / PGE / 1200 Dammen - Riter BEFORE THE PUBLIC UTILITY COMMISSION OF THE STATE OF OREGON UE 294 Load Forecast PORTLAND GENERAL ELECTRIC COMPANY Direct Testimony and Exhibits of Sarah Dammen Amber
More informationSTATISTICAL LOAD MODELING
STATISTICAL LOAD MODELING Eugene A. Feinberg, Dora Genethliou Department of Applied Mathematics and Statistics State University of New York at Stony Brook Stony Brook, NY 11794-3600, USA Janos T. Hajagos
More informationSUPPLEMENTAL PREPARED DIRECT TESTIMONY OF CHRISTOPHER SWARTZ ON BEHALF OF SAN DIEGO GAS & ELECTRIC COMPANY IN SUPPORT OF SECOND AMENDED APPLICATION
Application: 1-0-0 Exhibit No.: SDG&E- Application of SAN DIEGO GAS & ELECTRIC COMPANY (U 0 E) For Authority To Update Marginal Costs, Cost Allocation, And Electric Rate Design. Application No. 1-0-0 (Filed
More informationSAN DIEGO GAS AND ELECTRIC COMPANY SOUTHERN CALIFORNIA GAS COMPANY 2013 TRIENNIAL COST ALLOCATION PROCEEDING (A ) (DATA REQUEST DRA-MPS-2)
QUESTION 1: Please provide the following in excel format for SCG and SDG&E: a) Provide historical quarterly data for all variables for the customer/meter forecast model (1988Ql to 2011Q4) workpapers page
More informationLecture Prepared By: Mohammad Kamrul Arefin Lecturer, School of Business, North South University
Lecture 15 20 Prepared By: Mohammad Kamrul Arefin Lecturer, School of Business, North South University Modeling for Time Series Forecasting Forecasting is a necessary input to planning, whether in business,
More informationStatement of indicative wholesale water charges and charges scheme
Statement of indicative wholesale water charges and charges scheme 2019-2020 South Staffs Water and Cambridge Water Indicative Wholesale Charges Scheme Since April 2017, eligible business customers have
More informationCOMPARISON OF PEAK FORECASTING METHODS. Stuart McMenamin David Simons
COMPARISON OF PEAK FORECASTING METHODS Stuart McMenamin David Simons Itron Forecasting Brown Bag March 24, 2015 PLEASE REMEMBER» Phones are Muted: In order to help this session run smoothly, your phones
More informationNormalization of Peak Demand for an Electric Utility using PROC MODEL
Normalization of Peak Demand for an Electric Utility using PROC MODEL Mark Harris, Jeff Brown, and Mark Gilbert* Central and South West Services, Inc. Tulsa, Oklahoma Abstract This paper discusses the
More informationDesign of a Weather- Normalization Forecasting Model. Final Report
Design of a Weather- Normalization Forecasting Model Final Report Abram Gross Yafeng Peng Jedidiah Shirey 5/12/2014 Table of Contents 1.0 EXECUTIVE SUMMARY... 4 2.0 INTRODUCTION... 6 2.1 Background...
More informationVariables For Each Time Horizon
Variables For Each Time Horizon Andy Sukenik Itron s Forecasting Brown Bag Seminar December 13th, 2011 Please Remember In order to help this session run smoothly, your phones are muted. To make the presentation
More informationAmeren Missouri Peak Load Forecast Energy Forecasting Meeting, Las Vegas. April 17-18, 2013
Ameren Missouri Peak Load Forecast Energy Forecasting Meeting, Las Vegas April 17-18, 2013 Motivation for End Use Peak Forecasting Missouri IRP rules have extremely detailed load analysis and forecasting
More informationSMART GRID FORECASTING
SMART GRID FORECASTING AND FINANCIAL ANALYTICS Itron Forecasting Brown Bag December 11, 2012 PLEASE REMEMBER» Phones are Muted: In order to help this session run smoothly, your phones are muted.» Full
More informationEnergy and demand projections
Chapter 2: Energy and demand projections 2.1 Overview 2.2 Customer consultation 2.3 Demand forecast outlook 2.4 Zone forecasts 2.5 Daily and annual load profiles 2 Energy and demand projections Key highlights
More informationResource Adequacy Load Forecast A Report to the Resource Adequacy Advisory Committee
Resource Adequacy Load Forecast A Report to the Resource Adequacy Advisory Committee Tomás Morrissey November 2013 Introduction The Northwest Power and Conservation Council periodically conducts a regional
More informationCHAPTER 5 - QUEENSLAND FORECASTS
CHAPTER 5 - QUEENSLAND FORECASTS Summary This chapter presents information about annual energy, maximum demand (summer and winter), and nonscheduled generation for the Queensland region. It also includes
More information2014 FORECASTING BENCHMARK AND OUTLOOK SURVEY. Mark Quan and Stuart McMenamin September 16, 2014 Forecasting Brown Bag Seminar
2014 FORECASTING BENCHMARK AND OUTLOOK SURVEY Mark Quan and Stuart McMenamin September 16, 2014 Forecasting Brown Bag Seminar PLEASE REMEMBER» Phones are Muted: In order to help this session run smoothly,
More informationLecture Prepared By: Mohammad Kamrul Arefin Lecturer, School of Business, North South University
Lecture 15 20 Prepared By: Mohammad Kamrul Arefin Lecturer, School of Business, North South University Modeling for Time Series Forecasting Forecasting is a necessary input to planning, whether in business,
More informationReport on System-Level Estimation of Demand Response Program Impact
Report on System-Level Estimation of Demand Response Program Impact System & Resource Planning Department New York Independent System Operator April 2012 1 2 Introduction This report provides the details
More informationDevelopment of Short-term Demand Forecasting Model And its Application in Analysis of Resource Adequacy. For discussion purposes only Draft
Development of Short-term Demand Forecasting Model And its Application in Analysis of Resource Adequacy For discussion purposes only Draft January 31, 2007 INTRODUCTION In this paper we will present the
More informationNATIONAL ELECTRICITY FORECASTING REPORT UPDATE FOR THE NATIONAL ELECTRICITY MARKET
NATIONAL ELECTRICITY FORECASTING REPORT UPDATE FOR THE NATIONAL ELECTRICITY MARKET Published: December 2014 IMPORTANT NOTICE Purpose The purpose of this publication is to report on the accuracy of the
More information3. If a forecast is too high when compared to an actual outcome, will that forecast error be positive or negative?
1. Does a moving average forecast become more or less responsive to changes in a data series when more data points are included in the average? 2. Does an exponential smoothing forecast become more or
More informationThe Use of EDD for Weather Normalisation
The Use of EDD for Weather Normalisation January 2014 Core Energy Group 2014 January 2014 i Disclaimer Disclaimer This document has been prepared by Core Energy Group Pty Limited, A.C.N. 110 347 085, holder
More informationInterstate Power & Light (IPL) 2013/2014
Page 1 of 8 I. Executive Summary MISO requires each load serving entity (LSE) to provide a forecast of peak at the time of the MISO peak. LSE ALTW is shared by Alliant Energy Interstate Power & Light (IPL)
More informationpeak half-hourly South Australia
Forecasting long-term peak half-hourly electricity demand for South Australia Dr Shu Fan B.S., M.S., Ph.D. Professor Rob J Hyndman B.Sc. (Hons), Ph.D., A.Stat. Business & Economic Forecasting Unit Report
More informationShort-Term Electrical Load Forecasting for Iraqi Power System based on Multiple Linear Regression Method
Volume 00 No., August 204 Short-Term Electrical Load Forecasting for Iraqi Power System based on Multiple Linear Regression Method Firas M. Tuaimah University of Baghdad Baghdad, Iraq Huda M. Abdul Abass
More informationGreat Lakes Update. Volume 191: 2014 January through June Summary. Vol. 191 Great Lakes Update August 2014
Great Lakes Update Volume 191: 2014 January through June Summary The U.S. Army Corps of Engineers (USACE) monitors the water levels of each of the Great Lakes. This report provides a summary of the Great
More informationRTO Winter Resource Adequacy Assessment Status Report
RTO Winter Resource Adequacy Assessment Status Report RAAS 03/31/2017 Background Analysis performed in response to Winter Season Resource Adequacy and Capacity Requirements problem statement. Per CP rules,
More informationBattery Energy Storage
Battery Energy Storage Implications for Load Shapes and Forecasting April 28, 2017 TOPICS» What is Energy Storage» Storage Market, Costs, Regulatory Background» Behind the Meter (BTM) Battery Storage Where
More informationProduct and Inventory Management (35E00300) Forecasting Models Trend analysis
Product and Inventory Management (35E00300) Forecasting Models Trend analysis Exponential Smoothing Data Storage Shed Sales Period Actual Value(Y t ) Ŷ t-1 α Y t-1 Ŷ t-1 Ŷ t January 10 = 10 0.1 February
More informationURD Cable Fault Prediction Model
1 URD Cable Fault Prediction Model Christopher Gubala ComEd General Engineer Reliability Analysis 2014 IEEE PES General Meeting Utility Current Practices & Challenges of Predictive Distribution Reliability
More informationMonthly Long Range Weather Commentary Issued: July 18, 2014 Steven A. Root, CCM, President/CEO
Monthly Long Range Weather Commentary Issued: July 18, 2014 Steven A. Root, CCM, President/CEO sroot@weatherbank.com JUNE 2014 REVIEW Climate Highlights The Month in Review The average temperature for
More informationCapacity Market Load Forecast
Capacity Market Load Forecast Date: November 2017 Subject: Capacity Market Load Forecast Model, Process, and Preliminary 2021 Results Purpose This memo describes the input data, process, and model the
More informationMarch 5, British Columbia Utilities Commission 6 th Floor, 900 Howe Street Vancouver, BC V6Z 2N3
Tom A. Loski Chief Regulatory Officer March 5, 2010 British Columbia Utilities Commission 6 th Floor, 900 Howe Street Vancouver, BC V6Z 2N3 16705 Fraser Highway Surrey, B.C. V4N 0E8 Tel: (604) 592-7464
More informationFINAL REPORT EVALUATION REVIEW OF TVA'S LOAD FORECAST RISK
Memorandum from the Office of the Inspector General Robert Irvin, WT 9C-K FINAL REPORT EVALUATION 2012-14507 REVIEW OF TVA'S LOAD FORECAST RISK As part of a series of reviews to evaluate the Tennessee
More informationTime-Series Analysis. Dr. Seetha Bandara Dept. of Economics MA_ECON
Time-Series Analysis Dr. Seetha Bandara Dept. of Economics MA_ECON Time Series Patterns A time series is a sequence of observations on a variable measured at successive points in time or over successive
More informationBetter Weather Data Equals Better Results: The Proof is in EE and DR!
Better Weather Data Equals Better Results: The Proof is in EE and DR! www.weatherbughome.com Today s Speakers: Amena Ali SVP and General Manager WeatherBug Home Michael Siemann, PhD Senior Research Scientist
More informationCity of Hermosa Beach Beach Access and Parking Study. Submitted by. 600 Wilshire Blvd., Suite 1050 Los Angeles, CA
City of Hermosa Beach Beach Access and Parking Study Submitted by 600 Wilshire Blvd., Suite 1050 Los Angeles, CA 90017 213.261.3050 January 2015 TABLE OF CONTENTS Introduction to the Beach Access and Parking
More informationWeather Risk Management
Weather Risk Management David Molyneux, FCAS Introduction Weather Risk - Revenue or profits that are sensitive to weather conditions Weather Derivatives - Financial Products that allow companies to manage
More informationForecasting demand in the National Electricity Market. October 2017
Forecasting demand in the National Electricity Market October 2017 Agenda Trends in the National Electricity Market A review of AEMO s forecasting methods Long short-term memory (LSTM) neural networks
More informationWinter Season Resource Adequacy Analysis
Winter Season Resource Adequacy Analysis Patricio Rocha-Garrido Sr. Engineer Resource Adequacy Planning RAAS August 4, 2017 Introduction Reliability requirements for the RTO and LDAs are calculated based
More informationWeather Risk Management. Salah DHOUIB Underwriter Paris Re
1 Weather Risk Management Salah DHOUIB Underwriter Paris Re 2 T A B L E Index Based Weather Covers Energy Index Based Reinsurance Humanitarian Aid Market Figures 3 Concept of index based weather covers:
More informationMISO Independent Load Forecast Update
MISO Independent Load Forecast Update Prepared by: Douglas J. Gotham Liwei Lu Fang Wu David G. Nderitu Timothy A. Phillips Paul V. Preckel Marco A. Velastegui State Utility Forecasting Group The Energy
More informationPut the Weather to Work for Your Company
SAP Data Network Put the Weather to Work for Your Company Extend the Value of Your Business and Transactional Solutions by Incorporating Weather Data 1 / 7 Table of Contents 3 Enrich Business Data with
More informationCP:
Adeng Pustikaningsih, M.Si. Dosen Jurusan Pendidikan Akuntansi Fakultas Ekonomi Universitas Negeri Yogyakarta CP: 08 222 180 1695 Email : adengpustikaningsih@uny.ac.id Operations Management Forecasting
More informationNEGST. New generation of solar thermal systems. Advanced applications ENEA. Comparison of solar cooling technologies. Vincenzo Sabatelli
NEGST New generation of solar thermal systems Advanced applications Comparison of solar cooling technologies Vincenzo Sabatelli ENEA vincenzo.sabatelli@trisaia.enea.it NEGST Workshop - Freiburg - June
More informationWeather Normalization: Model Selection and Validation EFG Workshop, Baltimore Prasenjit Shil
Weather Normalization: Model Selection and Validation 05.07.15 EFG Workshop, Baltimore Prasenjit Shil Ameren at a Glance Ameren Missouri, Ameren Illinois and Ameren Transmission Company 2.4 million electric
More informationBESPOKEWeather Services Tuesday Morning Update: SLIGHTLY BEARISH
Weather guidance overnight continued to tick demand expectations higher even after some very impressive afternoon guidance yesterday. We still see weather as extremely supportive for natural gas prices,
More informationGreat Lakes Update. Volume 193: 2015 January through June Summary. Vol. 193 Great Lakes Update August 2015
Great Lakes Update Volume 193: 2015 January through June Summary The U.S. Army Corps of Engineers (USACE) monitors the water levels of each of the Great Lakes. This report provides a summary of the Great
More informationBringing Renewables to the Grid. John Dumas Director Wholesale Market Operations ERCOT
Bringing Renewables to the Grid John Dumas Director Wholesale Market Operations ERCOT 2011 Summer Seminar August 2, 2011 Quick Overview of ERCOT The ERCOT Market covers ~85% of Texas overall power usage
More informationIntegration of WindSim s Forecasting Module into an Existing Multi-Asset Forecasting Framework
Chad Ringley Manager of Atmospheric Modeling Integration of WindSim s Forecasting Module into an Existing Multi-Asset Forecasting Framework 26 JUNE 2014 2014 WINDSIM USER S MEETING TONSBERG, NORWAY SAFE
More informationJ2.4 SKILLFUL SEASONAL DEGREE-DAY FORECASTS AND THEIR UTILITY IN THE WEATHER DERIVATIVES MARKET
J2.4 SKILLFUL SEASONAL DEGREE-DAY FORECASTS AND THEIR UTILITY IN THE WEATHER DERIVATIVES MARKET Jeffrey A. Shorter, Todd M. Crawford, Robert J. Boucher, James P. Burbridge WSI Corporation, Billerica, MA
More informationANN and Statistical Theory Based Forecasting and Analysis of Power System Variables
ANN and Statistical Theory Based Forecasting and Analysis of Power System Variables Sruthi V. Nair 1, Poonam Kothari 2, Kushal Lodha 3 1,2,3 Lecturer, G. H. Raisoni Institute of Engineering & Technology,
More informationWRF Webcast. Improving the Accuracy of Short-Term Water Demand Forecasts
No part of this presentation may be copied, reproduced, or otherwise utilized without permission. WRF Webcast Improving the Accuracy of Short-Term Water Demand Forecasts August 29, 2017 Presenters Maureen
More informationCalendarization & Normalization. Steve Heinz, PE, CEM, CMVP Founder & CEO EnergyCAP, Inc.
Calendarization & Normalization Steve Heinz, PE, CEM, CMVP Founder & CEO EnergyCAP, Inc. Calendarization EnergyCAP Reporting Month Each utility bill is assigned to a reporting month when entered, called
More informationDecision 411: Class 3
Decision 411: Class 3 Discussion of HW#1 Introduction to seasonal models Seasonal decomposition Seasonal adjustment on a spreadsheet Forecasting with seasonal adjustment Forecasting inflation Poor man
More informationEnhancements and Validation of a Demand Forecast Tool for South Australian Water Corporation
ISSN 2206-1991 Volume 3 No 4 2018 https://doi.org/10.21139/wej.2018.041 Enhancements and Validation of a Demand Forecast Tool for South Australian Water Corporation Managing complexities in operations
More informationAttachment E: CADP Design Shadow Analysis
Attachment E: CADP Design Shadow Analysis June 6, 2016 TO: Don Lewis San Francisco Planning Department 1650 Mission Street, Suite 400 San Francisco, CA 94103 SUBJECT: 2060 Folsom Street 17 th & Folsom
More informationSUBJECT: Adjustments to Photovoltaic and Electric Vehicle Forecasts to be Used in Southern California Edison Company's Distribution Planning
STATE OF CALIFORNIA Edmund G. Brown Jr., Governor PUBLIC UTILITIES COMMISSION 505 VAN NESS AVENUE SAN FRANCISCO, CA 94102-3298 December 5, 2017 Advice Letter 3670-E Russell G. Worden Director, State Regulatory
More informationBig Data as Audit Evidence: Utilizing Weather Indicators
Big Data as Audit Evidence: Utilizing Weather Indicators Kyunghee Yoon, Clark University Alexander Kogan, Rutgers, The State University of New Jersey Why Weather is Matter? Weather is often listed as one
More informationDecision 411: Class 3
Decision 411: Class 3 Discussion of HW#1 Introduction to seasonal models Seasonal decomposition Seasonal adjustment on a spreadsheet Forecasting with seasonal adjustment Forecasting inflation Poor man
More informationChapter 1 Linear Equations
. Lines. True. True. If the slope of a line is undefined, the line is vertical. 7. The point-slope form of the equation of a line x, y is with slope m containing the point ( ) y y = m ( x x ). Chapter
More informationDemand Forecasting. for. Microsoft Dynamics 365 for Operations. User Guide. Release 7.1. April 2018
Demand Forecasting for Microsoft Dynamics 365 for Operations User Guide Release 7.1 April 2018 2018 Farsight Solutions Limited All Rights Reserved. Portions copyright Business Forecast Systems, Inc. This
More informationSOCALGAS REBUTTAL TESTIMONY OF ROSE-MARIE PAYAN (CUSTOMERS) June 2015
Company: Southern California Gas Company (U0G) Proceeding: 01 General Rate Case Application: A.1--00 Exhibit: SCG-0 SOCALGAS REBUTTAL TESTIMONY OF ROSE-MARIE PAYAN (CUSTOMERS) June 01 BEFORE THE PUBLIC
More information