How probabilistic electricity demand forecasts can expedite universal access to clean and reliable electricity
The global community is projected to fail in achieving the United Nation’s goal of universal access to affordable, reliable, sustainable and modern electricity by 2030. This is ultimately due to inadequate levels of investment. Efforts to right-size infrastructure investments promise improved efficiency: right-sized infrastructure yields more connections with better reliability for every dollar invested. Because of this, geographic information systems, electrification planning models, and methods for characterizing electricity supply and demand have received growing attention as ways to support improved investment decision-making at scale.
In this paper, we highlight an underrepresented and complementary area of research that promises significant value for infrastructure investment decision-making: probabilistic electricity demand forecasting.