Electricity demand Forecasting: A systematic literature review

In our modern world, electricity is of immense importance as it has revolutionized the actual world on every level. Electricity demand forecasting became a key component of every electricity management system as it assists all stakeholders in the process of decision making in order to ensure the reliable generation, transmission, distribution, and consumption of electrical power. Electricity demand is a very volatile time series that depends on multiple and diverse variables that heavily impact its behavior. This makes accurate electricity demand forecasting a very challenging task. The present study conducts a systematic literature review to evaluate the contributions about electricity demand forecasting topics. The aim is to cover the techniques and tools mostly used in the literature regarding electricity demand forecasting.