Phil Inje Chang

 Articles by this Author

Load forecasting in practical terms

Keywords: Forecasting
Published in: Global Energy Business
Publication year: 2002

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.