Summary and Info
The master thesis of Kevin Berk develops a stochastic model for the electricity demand of small and medium-sized companies that is flexible enough so that it can be used for various business sectors. The model incorporates the grid load as an exogenous factor and seasonalities on a daily, weekly and yearly basis. It is demonstrated how the model can be used e.g. for estimating the risk of retail contracts. The uncertainty of electricity demand is an important risk factor for customers as well as for utilities and retailers. As a consequence, forecasting electricity load and its risk is now an integral component of the risk management for all market participants.
More About the Author
Kevin Perkins is the executive director of the Canadian not-for-profit organization Farm Radio International since May 2006. He is also the founder and president of CAP Aids, a Canadian organization based in Toronto, Ontario which fights AIDS/HIV.
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