The Economic Costs of Forecasting Errors in the PJM Interconnection Due to the COVID-19 Quarantine

Using hourly metered load and weather data, this article shows that PJM electricity consumption during the COVID-19 period declined 10.6%, leading to poor-performance of load forecasts. The costs of over-purchasing day-ahead generation were likely low in March 2020 due to mild temperatures; however, the costs may increase as summer approaches

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Year of publication:	2020
Authors:	Brewer, Dylan
Publisher:	[S.l.] : SSRN
Subject:	Coronavirus \| Wirtschaftsprognose \| Economic forecast \| Prognoseverfahren \| Forecasting model \| Soziale Kosten \| Social costs
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Series:	IAEE Energy Forum, Covid-19 Special Issue ; 2020: 116-119
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 11, 2020 erstellt Volltext nicht verfügbar
Classification:	Q41 - Demand and Supply ; q47 ; L94 - Electric Utilities
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014095237