Utility Analytics 202: Introduction to Forecasting in the Utilities
Continued population growth, socioeconomic improvements, and technological advancements in the past few decades have caused a significant rise in the consumption of energy and materials. Many utilities find themselves concerned — the volatility of wind and solar power generation, the uncertainty of rooftop solar adoption, and rising gas and electricity prices all pose serious challenges. The modern consumer centric paradigm of transactive energy has changed the traditional load forecasting methodologies, as it evolves and reshapes utility strategies. This training intends to provide a comprehensive introduction to forecasting methods and to present enough information about each method for participants to be able to use them sensibly. Examples and applications from the utility industry, including forecasting with AMI data, are included.