Load forecasting is normally employ to
forecast and predict the rise in power demand of an area
in other to prepare for electricity generation to meet the
costumers demand as the population is growing. Electric
load Forecasting can be used in selling, planning and
buying of energy in power systems. It is very useful from
generation to distribution of electrical energy.
Forecasting in power system can be widely divided into
three classes: Short-term electric load forecasting is
generally one hour to one week, medium electric
forecasting is normally from a week (7days) to a year, and
while long-term electric load forecasting which are may
be from a year and above. Accurate load forecasting can
help in developing a plan, particularly for developing
countries in which energy demand in such countries is
irregular in nature as result of rapid growth rate and
increase in the rate of rural–urban drift. The different
methods of load forecasting were studied such as expert
system, fuzzy logic, regression methods and artificial
neural network (ANN).Some benefits of electric load
forecasting were discussed.
Keywords : Regression, Forecasting, Load, Demand, Power, Electric, Generation e.t.c.