Impact of Economic, Social and Meteorological Factors on Load Forecasting in Different Timeframes-A Survey

Abstract

The electric Load is affected by various factors such as economic, social, and meteorological factors. This classification simplifies the studying of the correlation between these factors. It also provides a useful reference for researchers to pick up the best elements for their case according to the forecasting period; short, medium, or long term forecasting. This work introduces a comprehensive study of the factors that affect load forecasting in short, medium, and long-term load forecasting. Correlational model is applied to assess the relationship among parameters in different time horizons. The result provides two critical things to notes. Firstly, there are direct and indirect effects for some parameters based on the timeframe, and secondly, there is a significant accumulative effect of some parameters.