Utilities Power Forecasting: 2-Wk Proof of Concept

Leverage Quick Proof of Concept for probabilistic forecasting of electric load and corresponding resource availability for power generation using historical consumption and power generation data.

Identify demand-supply trends based on customer distribution for long and short-term forecasting to optimize consumption, reduce electricity losses and revenue optimization as per distribution of prices.

Agenda:

Week 1:

• Existing consumption and power generation data analytics
• Understanding business needs from demand forecasting
• Demand-supply mapping with this PoC using Power BI

Week 2:

• Design build, data connections and dashboards based on the findings of week 1
• Regular demonstrations for feedback
• Final handover of dashboards with documentation

Deliverables:

• Solution architecture for power forecasting initiative
• Data Model to analyse consumption and distribution data for forecasting.
• Live connection with one data source.
• 3 - 4 dashboards, each dashboard with 5 - 6 visuals

Pre-requisites:

Power forecasting KPIs and affecting variables identified through discussion stakeholders.

Sample power consumption and distribution data for the KPIs.