Estimation of extreme inter-day changes to peak electricity demand using Markov chain analysis: A comparative analysis with extreme value theory
Uncertainty in electricity demand is caused by many factors. Large changes are usually attributed to extreme weather conditions and the general random usage of electricity by consumers. More understanding requires a detailed analysis using a stochastic process approach. This paper presents a Markov...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Cape Town
2017-12-01
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| Series: | Journal of Energy in Southern Africa |
| Subjects: | |
| Online Access: | https://journals.assaf.org.za/jesa/article/view/4194 |