The behavior of the annual electricity demand and the role of economic growth in Colombia
The electricity demand forecast allows countries to establish long-term plans and objectives for identifying gaps, selecting strategies, and designing the electric power system's architecture. Traditional models use GDP as the primary variable to forecast the electricity demand. The work presen...
- Autores:
-
Grimaldo Guerrero, John William
Silva Ortega, Jorge I
Candelo Becerra, John Edwin
Balceiro-Alvarez, Bernardo
Cabrera-Anaya, Omar
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2021
- Institución:
- Corporación Universidad de la Costa
- Repositorio:
- REDICUC - Repositorio CUC
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.cuc.edu.co:11323/8975
- Acceso en línea:
- https://hdl.handle.net/11323/8975
https://doi.org/10.32479/ijeep.11386
https://repositorio.cuc.edu.co/
- Palabra clave:
- Energy forecasting
Electricity demand
Macroeconomics indicator
Backward
Forward
Stepwise methods
- Rights
- openAccess
- License
- CC0 1.0 Universal
| Summary: | The electricity demand forecast allows countries to establish long-term plans and objectives for identifying gaps, selecting strategies, and designing the electric power system's architecture. Traditional models use GDP as the primary variable to forecast the electricity demand. The work presents an analysis of the relationship between electricity demand and economic growth, using regression methods with one or more variables. The GDP and sectoral GDP data was provided by Banco de la República de Colombia. The results validate the traditional model and offer alternative models that can relate the economy's different sectors with the electricity demand. |
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