Demand and energy forecast: Investigation of driving factors

Traditional methods for estimating future values of demand and energy do not normally take into account the effect of the so-called explaining variables, which include load geographical location, seasonal and climatic variations, availability restrictions of energy and Daylight Saving Time. This work proposes a methodology for assessing the impact of these driving factors on the estimation of future values of demand and energy, with a view to improving current practices which dictate demand and energy purchases (bid-offer area) in both the short term and the medium term.