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Load forecasting in practical terms
- By Phil Inje Chang
- Published 09/20/2007
- Forecasting
- Unrated
Competitive markets put a premium on information, and that information can become scarce when it's owned by market participants. A case in point is load forecasts, which utilities have perfected over many years of providing power to their service areas. Suddenly, market participants are active in areas outside of their service areas, or new entities are buying and selling power between regions, and no one has a clue what load will look like.
