Load profiling, forecasting and consumption patterns

A review of how the proposed electricity market in Ontario will price power once open competition begins in the year 2000 is presented. The importance for businesses to understand the patterns of their power consumption is emphasized, and the value of this knowledge is assessed. The paper also explored the role of historical energy use data, and consumption patterns, and provided some useful hints for gathering and organizing consumption data and forecasting . The importance of real time data, and of understanding how and why consumption patterns may affect the cost of power are also reviewed. 3 tabs