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Risk Measurement and Management
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Workshops and Seminars

Load Forecasting

Load forecasts have long been recognized as the initial building blocks for all utility planning efforts. While changing market structures have altered the types of forecasts that are most useful, the link between sound evaluation and design of infrastructure improvements is irreducible. Physical system planners condition their alternatives on future views regarding load levels and locations. Financial planners tie both revenue and expense forecasts to expected future energy sales and peak demands.

PSE provides forecasting services nationwide and is especially well-known in the cooperative community through our long history of work with Rural Utilities Service (RUS) borrowers and through our publications in this area. Current forecasting staff has established multiple successful forecasting programs at G&Ts but have also worked directly for municipal, investor-owned utilities, and state regulatory commissions. This broad perspective helps us identify the most appropriate methods and presentations of forecasts to meet specific needs.

PSE forecasting services provided to our clients includes:
  • Integrated system forecasts for G&Ts and all of their member systems.
  • G&T top down models.
  • Forecast program work plans.
  • Low-cost provision of regional economic and demographic data digests.
  • Tracking analyses to assess historic forecast performance and recommend changes.
  • Residential consumer forecasts based on proprietary PSE models.
  • Econometric forecasting of class energy sales and consumers.
  • End-use forecasting for residential and agricultural sectors.
  • Integrated end-use and econometric forecasts.
  • Monthly, seasonal, and annual peak demand forecasts.
  • Load shape forecasting.
  • Short-term monthly forecasts for budgeting.
  • Weather normalization to support rate studies.
  • Small area forecasts to support distribution system planning.
  • Scenario analysis.
  • Probabilistic forecasts to support risk measurement and management programs.
  • Training.
  • Testimony.
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2000 Engel Street • Madison, WI 53713 • 608.222.8400Madison, WI • Minneapolis, MN • Columbus, OH • Indianapolis, IN