Electricity Consumption Forecasting in Indonesia: Methods and Factors

Electricity consumption forecasting is vital to policymakers and electricity providers for power generation planning and management. Over-generating electricity results in high cost and resource wastage. Conversely, electricity underproduction may cause a productivity loss to customers. Therefore, it is important to accurately predict electricity demand to effectively plan and deliver electricity production. This paper offers a review of methods employed to model and predict electricity consumption and demand in Indonesia. This paper also investigated what factors are taken into account to project trends in electricity consumption and demand. Finally, this paper lists evaluation metrics that indicate the accuracy of each prediction method.