Economic impact analysis of load forecasting

D. K. Ranaweera, G. G. Karady, R. G. Farmer

Research output: Contribution to journalArticlepeer-review

2 Scopus citations


This paper examines the economic impact of inaccurate load forecasts. Monte Carlo simulations were used to study the effect of different load forecasting accuracy. Investigations into the effect of improving the daily peak load forecasts, effect of different seasons of the year and effect of utilization factors are presented.

Original languageEnglish (US)
Number of pages1
JournalIEEE Power Engineering Review
Issue number2
StatePublished - Dec 1 1997

ASJC Scopus subject areas

  • Electrical and Electronic Engineering


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