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Forecasting the Demand for Electricity in Saudi Arabia

Electric power in Saudi Arabia is an essential tool for modern economic development. Thus, forecasting electricity demand is vital for planning and investment purposes. In estimating future electricity demand, it is important to assure high responsibility that there will be no supply shortages. Nonparametric analysis techniques like bootstrap, the jackknife, and cross-validation are becoming increasingly popular in the estimation of probability density function of a variable or its function (see Efron (1979) and Efron and Gong (1983)).

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Energy Specializations: Energy Modeling – Forecasting and Market Analysis; Electricity – Markets and Prices

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q42: Alternative Energy Sources, Q35: Hydrocarbon Resources

Keywords: Electricity demand, Saudi Arabia, Forecasting, Bootstrap method, Peak load, Efficiency

DOI: 10.5547/ISSN0195-6574-EJ-Vol11-No1-10

Published in Volume 11, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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