Evaluation of Turkish Electricity Demand Projections

Abstract

Electricity demand forecasting and energy models are required for many different utility purposes. According to the results of the large number of studies in the literature about electricity consumption forecasting and modeling, the factors affecting energy consumption may change from country to country. Accordingly energy demand models may be developed for each country basing on their own situations. Economic indicators such as population, gross domestic product (GDP), GDP per capita, imports and exports, prices, and the other socioeconomic factors such as continuous tendency for better living standards, and access to electricity are the variables that were taken into consideration for the forecast studies. There are several studies in the literature on forecasting the electricity consumption of Turkey in which various models were used with different assumption of variables, correspondingly presenting different results. The aim of this study is to overview these studies and to evaluate the different results.