Topic:"Forecasting Methodology" in M10653

1 2.0 LOAD FORECAST 2 3 The NS Power load forecast provides an outlook on the energy and peak demand requirements of 4 customers in the province. The load forecast forms the basis for fuel supply planning, investment 5 planning, and overal...

AI summary NS Power's load forecast outlines energy and peak demand requirements, using a statistically adjusted end-use model. Near-term growth is driven by customer growth and higher average use, while mid-to-long-term growth stems from electric heating, EV adoption, and hospital expansions. DSM initiatives and solar installations will offset some demand, resulting in a 0.3% annual NSR increase.

144 - 2,021 2,165 10.0 2023 146 -4 2,035 2,185 0.9 2024 146 -12 2,057 2,215 1.4 2025 152 -24 2,076 2,253 1.7 2026 154 -36 2,101 2,291 1.7 2027 153 -39 2,133 2,326 1.5 2028 153 -39 2,170 2,361 1.5 2029 153 -39 2,207 2,398 1.6 2030 152 -38 2...

AI summary The document presents a 10-year electricity forecast (2023-2032) with projected values and uncertainty factors, including weather variations, energy efficiency program effectiveness, economic conditions, decarbonization policies, electrification pace, and technological changes. Forecasts acknowledge inherent uncertainties in long-term planning.

Page 50 of 60 2022 10-Year System Outlook NON-CONFIDENTIAL

AI summary The document presents the 2022 10-Year System Outlook, a non-confidential report outlining the long-term planning and forecasting for the energy system in Nova Scotia.