Modeling short-run electricity demand with long-term growth rates and consumer price elasticity in commercial and industrial sectors
Modeling short-run electricity demand with long-term growth rates and consumer price elasticity in commercial and industrial sectors
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DOI:
10.1016/j.energy.2012.07.059
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发表时间:
2012-10
期刊:
影响因子:
9
通讯作者:
Amy Pielow;R. Sioshansi;M. C. Roberts
中科院分区:
文献类型:
--
作者:
Amy Pielow;R. Sioshansi;M. C. Roberts
This paper specifies and estimates state-level models of short- and long-term electricity demand in the United States. The short-term model predicts hourly load based on weather and calendar inputs. The long-term model estimates interannual demand, and includes population, prices, and gross state product as predictors. These models are combined to incorporate the short- and long-term trends in electricity consumption when generating forecasts of diurnal patterns into the future. Finally, the authors investigate the effects of short-run price elasticities of demand. The short-term model is shown to be within 95% accuracy of actual levels in out-of-sample tests.