Electricity demand and supply scenarios for Maharashtra (India) for 2030: An application of long range energy alternatives planning

Forecasting of electricity demand has assumed a lot of importance to provide sustainable solutions to the electricity problems. LEAP has been used to forecast electricity demand for the target year 2030, for the state of Maharashtra (India). Holt's exponential smoothing method has been used to arrive at suitable growth rates. Probable projections have been generated using uniform gross domestic product (GDP) growth rate and different values of elasticity of demands. Three scenarios have been generated which include Business as Usual (BAU), Energy Conservation (EC) and Renewable Energy (REN). Subsequent analysis on the basis of energy, environmental influence and cost has been done. In the target year 2030, the projected electricity demand for BAU and REN has increased by 107.3 per cent over the base year 2012 and EC electricity demand has grown by 54.3 per cent. The estimated values of green house gas (GHG) for BAU and EC, in the year 2030, are 245.2 per cent and 152.4 per cent more than the base year and for REN it is 46.2 per cent less. Sensitivity analysis has been performed to study the effect on the total cost of scenarios. Policy implications in view of the results obtained are also discussed. - Highlights: • Forecasted electricity scenarios by Long Range Energy Alternatives Planning (LEAP). • Critically analyzed the demand and supply prior to 2012 for a period of six years. • Used Holt's exponential smoothing method ARIMA (0,1,1) for finding growth rates. • Devised suitable LEAP model for the generated scenarios. • Discussed policy implications for the generated scenarios