Electrical Load and Energy Forecasting, Planning & Demand Side Management

This course will assist power system professionals in planning and operating a power system with increasing penetration of Demand Side Management (DSM) Programs and renewable resources. Renewable generation impacts both the planning and the operating criteria. These criteria are examined in detail along with the new requirements for generation reserve margins. Distributed generation and smart meter infrastructures are discussed in light of commercial and residential programs. Weather volatility impacts the demand profile. Weather normal methodologies are presented along with short and long-term forecasting models. Demand Side Management programs are a fine balancing act between demand, supply, and customer choice (and incentives).
 

The Power of Agile Virtual Devices. 
 

The course presents various facets of demand side management and the broader smart grid roadmaps for customers. The Internet of Things/ The Internet of Everything is a game changer through the Power of Agile Virtual Devices. The course presents how new Devices bring new Analytics and innovative approaches to Demand Side Management.  

• Set Power System Planning Objectives
• Gain knowledge about Load Forecasting Methodologies
• Identify Factors Affecting Load Forecasting
• Have a good understanding of different kinds of short-term and long-term planning
• Examine the principle of Energy supply & demand forecasting with a National and Regional perspective
• Assess the market conditions that affect power and energy generation, transmission, and distribution
• Understand the critical role of energy demand forecasting in the market.
• Utilize the various methodologies and technologies to meet the challenges of energy demand forecasting