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Load Forecasting

Utilities depend on accurate load forecasting to plan for necessary generation capacity, purchased power transactions, transmission planning, distribution planning and more. You need a consulting team experienced enough to address your forecasting needs. These forecasts are an integral part of all key financial models, helping you to better estimate short-term and long-term sales and revenue.

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HOW WE HELP

Whether we’re forecasting for a stand-alone report or as part of an overall strategic plan, we prepare econometric load forecasts for your long-term or short-term needs. We work with you to:

• Define longer-term purchase needs through load forecasting, using statistical and econometric analysis of consumption patterns and energy efficiency measures.
• Conduct power requirement studies or load forecasts to project sales and revenue by looking at historical sales and population and their correlations.
• Evaluate the impact of significant changes in loads, such as electric vehicle growth or increasing adoption of consumer solar.

OUR APPROACH

At 1898 & Co., our consultants are immersed in the utility industry, giving us a knowledge base that’s deep, broad and pragmatic. Our consultants:

• Use proven industry software platforms to conduct in-depth econometric analysis.
• Are well-versed in DSM, DR and other load-modifying programs.
• Create forecasts that feed into integrated resource plans.
• Understand the challenges facing electric utilities navigating the surge in demand.
• Have the experience and skill sets to help you optimize you projected loads through demand response, rate design and energy efficiency programs.