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Forecasting the total impact of major new industrial plant on company electric energy requirements

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2 Author(s)
Morrissey, A.P., Jr. ; American Electr. Power Service Corp., Columbus, OH, USA ; Van Toai, N.N.

The authors describe the application of advanced econometric techniques and economic theory to better forecast the total impact of a major new industrial plant on a utility's internal energy requirements. A simultaneous-equation system linking the various economic sectors of a utility's service area is estimated and impact stabilizers are derived from the coefficients. The multipliers predict both the primary and secondary effects of a new plant on local employment and income. These variables are then used in energy models to forecast the total increase in electric load-including both primary and secondary gains-caused by the new plant.<>

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Power Systems, IEEE Transactions on  (Volume:3 ,  Issue: 3 )