energy demand forecasting

Energy demand forecasting involves predicting future electricity or fuel usage based on past consumption patterns, weather conditions, economic activity, and population trends. Utilities and planners analyze this data to estimate how much energy will be needed at specific times, such as during peak hours or seasons. Accurate forecasts help ensure reliable energy supply, optimize infrastructure use, and plan for future capacity needs. By understanding factors influencing energy use, companies can avoid shortages or excess supply, ultimately supporting a stable, efficient, and cost-effective energy system for consumers.