Table 2.

Main variables affecting electricity demand.

Determinant	Refers to…
Forecasting horizon	The time horizon for which demand forecasts are prepared.
Socio-economic factors	Industrial development, population growth, cost of electricity, and any other socio-economic factors that may influence end-users’ demand.
Weather conditions	Temperature, humidity, wind speed, and any other weather conditions that may influence end-users’ demand.
Customer factors	Type of customer (residential, commercial, and industrial), characteristics of the consumer’s equipment, and any other customer factors that may affect the end-users’ demand.