NERC summary load forecasts: a retrospective appraisal and technical analysis. Final report
Technical Report
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OSTI ID:6186113
Using retrospective forecasting, this report analyzes the electric energy and peak demand summary forecasts of the North American Electric Reliability Council (NERC). The authors examine the NERC summary load forecasts from 1974 to 1983 for the electric utilities in the United States. The optimism of the industry's forecasts - which turned out to be wrong - may have been due to the unanticipated slowdown in the growth of the economy and either the unexpected permanence of higher electricity prices or a lack of recognition of the full extent of demand's sensitivity to price.
- Research Organization:
- National Economic Research Associates, Inc., White Plains, NY (USA); Washington Univ., Seattle (USA)
- OSTI ID:
- 6186113
- Report Number(s):
- EPRI-EA-4355; ON: TI86920081
- Country of Publication:
- United States
- Language:
- English
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