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Weather Correction in the TESLA ModelThe TESLA model will yield historic load corrected for weather effects. That
is, it will produce an estimate of the load that would have occurred if "normal"
weather had prevailed, and therefore identify that portion of the load that is
due to weather variations. The same factors permit scenario-type evaluations of
the effect of future weather patterns on load. Weather InteractionsThe effects of an aspect of weather (say temperature) depends on many other
factors, including other weather conditions (is it raining, is the wind blowing
etc). The model explicitly captures relevant interactions, which typically
include Isolation of Weather EffectsEstimating the effect of weather on load requires complete specification of
all the weather variables and their interactions, and of the delays in their
effects. It also requires that other factors correlated with weather phenomena
be carefully accounted for as well, to prevent contamination of the weather
effect estimates through cross correlations. Modeling Approach in the TESLA SystemThe TESLA model is estimated using the hourly measures available on weather
variables reported by the Weather Service. Interactions among these and other
variables are then calculated and entered into the data set, along with a lag
structure that captures delayed effects. Experience has shown that delays of
more than a day (and longer) are common before the full effects of a particular
weather event are felt. |
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