Forecasting Electric Energy Consumption with Factors of Process and Market Environment Taken into Account
The article addresses the issue of forecasting volumes of electric energy consuption for the purposes of purchasing in the wholesale market. The authors studied the environments affecting the wholesale market subjects during their functioning process and introduced their own classification. A new model of forecasting energy consumption is suggested. It is based on considering not only the factors determining the energy demand, but also the factors taking into account the wholesale market tendencies. An example of the market environment factors taken into account in the forecast load curve is given. The study results will help to increase the forecasting efficiency and to reduce financial losses not only for particular undertakings, but for the whole region.