Electricity Demand Forecasting

Problem

Unlike other energy sources, electricity cannot be saved or used later. Thus, there needs to be consistent predictions for daily usage. Otherwise, electricity distribution companies could incur massive hits to their bottom line and reputation..

Challenge

Forecasting hourly (short-term) electricity demand depends on location, socio-economic factors, weather conditions, holidays, and other various external data.

Solution

Accurate electricity demand forecasting can be achieved through AI modeling—combining internal counter-based consumption data with external data, such as the weather, national and religious holidays, pandemic restrictions, etc.

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Schedule a live demo to learn more about how Aigoritma’s trusted enterprise AI platform can help you deliver value and success to your organization.

See Aigoritma in Action

Schedule a live demo to learn more about how Aigoritma’s trusted enterprise AI platform can help you deliver value and success to your organization.

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