Averaging business cycles vs. myopia: Do we need a long term vision when developing IRP?

Technical Report · Mon May 01 00:00:00 EDT 1995

OSTI ID:103282

McDonald, C ^[1]; Gupta, P C ^[2]

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1. Synergic Resources Corporation, Bala Cynwyd, PA (United States)
2. Synergic Resources Corp., Oakland, CA (United States)

Utility demand forecasting is inherently imprecise due to the number of uncertainties resulting from business cycles, policy making, technology breakthroughs, national and international political upheavals and the limitations of the forecasting tools. This implies that revisions based primarily on recent experience could lead to unstable forecasts. Moreover, new planning tools are required that provide an explicit consideration of uncertainty and lead to flexible and robust planning tools are required that provide an explicit consideration of uncertainty and lead to flexible and robust planning decisions.

• Research Organization: Electric Power Research Inst. (EPRI), Palo Alto, CA (United States); Pacific Consulting Services, Albany, CA (United States)
• OSTI ID: 103282
• Report Number(s): EPRI-TR-105012; CONF-930969-; TRN: 95:006490-0036
• Resource Relation: Conference: 9. electric utility forecasting symposium: forecasting and DSM - organizing for success, San Diego, CA (United States), 8-10 Sep 1993; Other Information: PBD: May 1995; Related Information: Is Part Of Ninth electric utility forecasting symposium: Proceedings. Forecasting and DSM -- Organizing for success; PB: 705 p.
• Country of Publication: United States
• Language: English

Related Subjects

24 POWER TRANSMISSION AND DISTRIBUTION
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
ELECTRIC UTILITIES
LOAD MANAGEMENT
POWER DEMAND
FORECASTING
PLANNING
RESOURCE ASSESSMENT
RISK ASSESSMENT
DECISION MAKING