Conexus Baltic Grid
Gas consumption forecasting case in Latvia
Gas consumption is influenced by a variety of factors (outdoor temperature, gas consumption structure, entry-point ratio, etc.). From what the planned gas consumption will be in the near future, it is possible to calculate the day-to-day adequacy of gas sources. The method utilized by the company provided insufficient precision on forecasted demand for natural gas in Latvia for the next 14 days.
Opportunities, situations, and influencing factors were studied. A unique excel file for gas consumption forecasting was developed.