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Open AccessJournal ArticleDOI

Relationship between extreme temperature and electricity demand in pakistan

TLDR
In this paper, the link between electricity consumption and mean monthly maximum temperature index in Pakistan, as a case study, is deduced and a linear trend model for electricity consumption is also developed as a function of temperature.
Abstract
Nowadays, different sectors of the economy are being significantly affected by the weather vagaries. Electricity market is one of the most sensitive sectors, due to the fact that electricity demand is connected to the numerous climatic variables, especially the atmospheric temperature. In this paper we have deduced the link between electricity consumption and mean monthly maximum temperature index in Pakistan, as a case study. ARIMA time series forecast model is developed for the temperature index. The forecast values of mean monthly maximum temperature shows an increasing trend. Linear trend model for electricity consumption is also developed as a function of temperature. Electricity consumption reveals a significant trend due to increase in temperature and socio- economic factors. The monthly behavior of our forecast values depicts that the electricity consumption is more for summer season, and this demand will be highest (6785.6 GWh) in July 2020, due to rise in temperature. Forecast model reveals that the electricity consumption (EC) and mean monthly maximum temperature are increasing with the passage of time.

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Space-time variability of climate variables and intermittent renewable electricity production – A review

TL;DR: In this paper, the authors present a literature review on the space-time variability of climate variables driving the intermittency of wind, solar and hydropower production and their joint management in electricity systems.
Journal ArticleDOI

Potential gains from expanding regional electricity trade in South Asia

TL;DR: In this paper, the authors quantified the benefits of unrestricted cross-border electricity trade in South Asia during the 2015-2040 period and found that the unrestricted electricity trade provision would save US$226 billion (US$9 billion per year) of electricity supply costs over the period.
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A Review of Electricity Demand Forecasting in Low and Middle Income Countries: The Demand Determinants and Horizons

TL;DR: In this article, a review of different electricity demand forecasting methodologies is provided in the context of a group of low and middle income countries and a comparative analysis of the demand determinants in these countries indicates a frequent use of determinants like the population, GDP, weather, and load data over different time horizons.
Journal ArticleDOI

Machine Learning Based Cost Effective Electricity Load Forecasting Model Using Correlated Meteorological Parameters

TL;DR: This study developed least cost forecasting models by minimizing root mean squared error, mean absolute error, and mean absolute percentage error and SVR (Radial) based electric load forecasting model proves to be the robust model when built using correlated features for the said region and in turn can save up to PKR 0.313 million daily.
Journal ArticleDOI

Modeling and Forecasting Medium-Term Electricity Consumption Using Component Estimation Technique

TL;DR: In this paper, a forecasting procedure based on components estimation technique to forecast medium-term electricity consumption is proposed, where the electricity consumption series is divided into two major components: deterministic and stochastic.
References
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Journal ArticleDOI

Electricity consumption and economic growth: a time series experience for 17 African countries

Yemane Wolde-Rufael
- 01 Jul 2006 - 
TL;DR: In this article, the long-run and causal relationship between electricity consumption per capita and real gross domestic product (GDP) per capita for 17 African countries for the period 1971-2001 using a newly developed cointegration test proposed by Pesaran et al. (2001) and using a modified version of the Granger causality test due to Toda and Yamamoto (1995).
Book

The Potential Effects of Global Climate Change on the United States

TL;DR: In this paper, the effects of climate change in vital areas such as water resources, agriculture, sea levels, and forests are addressed, focusing on wetlands, human health, rivers, and lakes.
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Energy Risk: Valuing and Managing Energy Derivatives

TL;DR: In this article, the authors present an overview of option pricing for Energies, including the Forward Price Curve and the stock market behavior, as well as risk management policies and portfolio analysis.
Journal ArticleDOI

Energy consumption and economic growth: the experience of african countries revisited

TL;DR: In this article, the causal relationship between energy consumption and economic growth for seventeen African countries in a multivariate framework by including labor and capital as additional variables was examined and the results of their variance decomposition analyses showed that energy consumption is no more than a contributing factor to output growth and not an important one when compared to capital and labor.
Journal ArticleDOI

Electricity use and economic development

TL;DR: In this article, a study of the relationship between electricity use and economic development in over one hundred countries, constituting over 99% of the global economy has been undertaken, and the results imply that the energy ratio should be replaced by the electricity ratio ($/kWh) as a development indicator and more precisely by the e/E ratio (kWh/toe).
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