Title :
Risk of the forecast of a power consumption
Author_Institution :
Novosibirsk State Tech. Univ., Russia
fDate :
26 June-3 July 2004
Abstract :
Now as companies form strategies, the company managers give very big attention to risks to which the company can be subject in the future. In the power sector, risk has always played an important role, but now it is necessary for managers of the power companies to take into account well the economic risks. The activity of the manager in such situation should be directed on the protection of the company against all risks. However the technique for risk estimation has not been developed yet for industrial objects. In clause the description of a technique and results of its application for the estimation of risks of a power consumption forecast of real object is resulted.
Keywords :
load forecasting; power consumption; power markets; risk analysis; economic risks; power companies; power consumption forecast; power sector; risk estimation; Communication system control; Costs; Energy consumption; Evolution (biology); Finance; Investments; Portfolios; Predictive control; Predictive models; Risk management;
Conference_Titel :
Science and Technology, 2004. KORUS 2004. Proceedings. The 8th Russian-Korean International Symposium on
Print_ISBN :
0-7803-8383-4
DOI :
10.1109/KORUS.2004.1555725