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Metropolitan Econometric Electric Utility Forecast Accuracy

Year 2015, Volume: 5 Issue: 3, 738 - 745, 01.09.2015

Abstract

El Paso Electric Company (EPEC) is the sole commercial electricity provider for two metropolitan economies in the southwestern desert region of the United States: El Paso, Texas and Las Cruces, New Mexico. A publicly traded corporation, EPEC employs a structural econometric system of equations model to forecast energy sales for various customer classes. Although the modeling system has provided reliable inputs to annual corporate planning efforts at EPEC, its historical track record has not previously been formally assessed for forecast accuracy. Both descriptive and inferential statistics are used to evaluate the EPEC model’s forecasting performance. Results indicate that accurate prediction of electricity usage in this service area is an elusive target. Those results are similar to what has been documented for other regional economic variables.

Year 2015, Volume: 5 Issue: 3, 738 - 745, 01.09.2015

Abstract

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Details

Other ID JA65SF49YS
Journal Section Research Article
Authors

Thomas M. Fullerton This is me

George Novela This is me

David Torres This is me

Adam G. Walke This is me

Publication Date September 1, 2015
Published in Issue Year 2015 Volume: 5 Issue: 3

Cite

APA Fullerton, T. M., Novela, G., Torres, D., Walke, A. G. (2015). Metropolitan Econometric Electric Utility Forecast Accuracy. International Journal of Energy Economics and Policy, 5(3), 738-745.
AMA Fullerton TM, Novela G, Torres D, Walke AG. Metropolitan Econometric Electric Utility Forecast Accuracy. IJEEP. September 2015;5(3):738-745.
Chicago Fullerton, Thomas M., George Novela, David Torres, and Adam G. Walke. “Metropolitan Econometric Electric Utility Forecast Accuracy”. International Journal of Energy Economics and Policy 5, no. 3 (September 2015): 738-45.
EndNote Fullerton TM, Novela G, Torres D, Walke AG (September 1, 2015) Metropolitan Econometric Electric Utility Forecast Accuracy. International Journal of Energy Economics and Policy 5 3 738–745.
IEEE T. M. Fullerton, G. Novela, D. Torres, and A. G. Walke, “Metropolitan Econometric Electric Utility Forecast Accuracy”, IJEEP, vol. 5, no. 3, pp. 738–745, 2015.
ISNAD Fullerton, Thomas M. et al. “Metropolitan Econometric Electric Utility Forecast Accuracy”. International Journal of Energy Economics and Policy 5/3 (September 2015), 738-745.
JAMA Fullerton TM, Novela G, Torres D, Walke AG. Metropolitan Econometric Electric Utility Forecast Accuracy. IJEEP. 2015;5:738–745.
MLA Fullerton, Thomas M. et al. “Metropolitan Econometric Electric Utility Forecast Accuracy”. International Journal of Energy Economics and Policy, vol. 5, no. 3, 2015, pp. 738-45.
Vancouver Fullerton TM, Novela G, Torres D, Walke AG. Metropolitan Econometric Electric Utility Forecast Accuracy. IJEEP. 2015;5(3):738-45.