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Supply & Demand

Supply & Demand

Demand Forecasting Procedure

Input Variables
  • GDP Expecting : GDP forecast by the Ministry of Economy and Finance, Korea Development Institute
  • Industrial Structure Forecasting : by KIET
  • Population Forecasting : Population projections By Statistics Korea
  • Temperature Forecasting : Long-term Climate Change
  • Scenario by the Korea Meteorological Administration
Demand Forecast Model
  • Electricity Consumption Forecast Models : Electricity Panel Model and the others
  • Peak Demand Forecast Models : Macro model and the others
Other Demand-changing Factors
  • Electrification effects of Carbon Neutrality
  • The 4th Industrial Revolution Effects(Data Center, etc.)
Reference Demand(Electricity Consumption and Peak Demand) Forecast
DSM Goals
  • Electricity Consumption Reduction Targets : Efficiency Management Criteria, etc.
  • Peak Demand Reduction Targets : Enhancing Energy Efficiency and Load Management, etc.
Target Demand(Electricity Consumption and Peak Demand) Forecast