Research on Short Term Prediction of Electricity Demand in Hubei Province

Abstract

The balance of electricity supply and demand is the basic condition for promoting the economic development of our country and improving the living standards of the people, and scientific forecasting of electricity demand is the premise of ensuring the balance of electricity supply and demand. Hubei Province is superior in geographical location, and its electricity demand and economic aggregate both rank high in the country, but due to the direct impact of the epidemic, its electricity demand has been affected. This paper uses OLS regression to obtain the linear regression equation of the three indicators of GDP and the proportion of the secondary industry structure before the epidemic from 2005 to 2018, and uses the Gray Forecast Model-assisted scenario analysis method to analyze the electricity consumption of Hubei Province under the influence of multiple factors, and predicts the electricity consumption of Hubei Province from 2019 to 2021 after removing the impact of the epidemic, and makes a short-term forecast of the electricity demand of the province from 2024 to 2029.