Patent Document ID: 20130096983
Application ID: 13438936
Patent Flag: 0

Claim One:
1. A method of adjusting forecast load predictions on an electric grid using one or more operatively connected computers, the method comprising: obtaining, at the one or more computers, electrical grid information comprising: a day-ahead profile of a forecasted load for the electric grid, a day-ahead sparks ratio, a day-ahead price profile, and an hourly forecasted load relative to the forecasted profile; accessing, one or more databases operatively connected to the one or computers, electrical grid historical data; calculating, by the one or more computers, coefficients for a forecast error equation by performing a regression analysis using the historical data, the forecast equation being a function of day-ahead sparks ratio, day-ahead price profile, day-ahead profile of forecasted load, and hourly forecasted load relative to the forecasted profile; calculating, by the one or more computers, forecast prediction errors by applying data from the obtained electrical grid information to the forecast error equation with the calculated coefficients; and providing, by the one or more computers, one or more electronic reports containing forecast errors for the electric grid.