Long-Term Electricity Load Forecasting Considering Volatility Using Multiplicative Error Model

Long-term electricity load forecasting plays a vital role for utilities and planners in terms of grid development and expansion planning. An overestimate of long-term electricity load will result in substantial wasted investment on the construction of excess power facilities, while an underestimate...

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Bibliographic Details
Main Authors: Swasti R. Khuntia, Jose L. Rueda, Mart A.M.M. van der Meijden
Format: Article
Language:English
Published: MDPI AG 2018-11-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/11/12/3308