NSW Electricity Distributors Energy Forecasts

The electricity distributors forecast future energy consumption using a range of analytical tools, including econometric models. A range of post modelling adjustments are made to these model outputs to include impacts that are not adequately captured by the traditional forecasting tools. ITP Renewables was responsible for the PV forecasts. Extensive market analysis, review of literature and modelling was used to develop a range of new post modelling adjustments for the NSW electricity distributors.

The recommended PV adjustments were dependent on a range of government and utility policy settings as well as market developments, but were 1.4 to 3 times higher than the original electricity distributors post modelling adjustments.