18805294. METHOD AND SYSTEM FOR ELECTRICITY CONSUMPTION PREDICTION (Tata Consultancy Services Limited)
METHOD AND SYSTEM FOR ELECTRICITY CONSUMPTION PREDICTION
Organization Name
Tata Consultancy Services Limited
Inventor(s)
SIVAKUMAR Subramanian of Pune (IN)
SRI HARSHA Nistala of Pune (IN)
VENKATARAMANA Runkana of Pune (IN)
METHOD AND SYSTEM FOR ELECTRICITY CONSUMPTION PREDICTION
This abstract first appeared for US patent application 18805294 titled 'METHOD AND SYSTEM FOR ELECTRICITY CONSUMPTION PREDICTION
Original Abstract Submitted
Existing electricity consumption prediction approaches depend largely on data-based models, which may be statistical techniques or more precisely time-series predictions that predict based on the auto-regressive nature of the load curve with a few external variables at best, such as calendar events and ambient temperature. While these models are effective to a certain degree for the overall grid level requirements, they may not be able to predict disruptive changes that may happen over longer periods of time, such as the demographic shifts, etc. Method and system disclosed herein predict the electricity consumption by taking into consideration various parameters associated with such disruptive changes, and then predict the electricity consumption in a target area by aggregating the electricity consumption predicted at the agent level.
