Electricity Demand using Time Series Analysis

  • Unique Paper ID: 166544
  • Volume: 11
  • Issue: 2
  • PageNo: 1053-1056
  • Abstract:
  • Throughout the years, there has been a constant rise in the need for power. A strong predictive model is necessary to comprehend future consumption. The planning of power production and the determination of resources required to run the plants, such as fuels, depend heavily on the forecasting of energy demand. It also aids in the planning of future electricity requirements, which leads to the establishment of additional networks and plants. There are about 10 million people living in the city of London, which also contains 3.6 million homes, numerous businesses, and an industrial sector. Every year, energy bills in London's homes and offices cost upwards of £7.9 billion; this money does not stay in the city's economy.

Cite This Article

  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 2
  • PageNo: 1053-1056

Electricity Demand using Time Series Analysis

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