Authors: Subhash Mallah, N.K. Bansal
Addresses: School of Applied Physics and Mathematics, Shri Mata Vaishno Devi University, Katra (J&K)-182301, India. ' Shri Mata Vaishno Devi University, Katra (J&K)-182301, India
Abstract: The present gap between demand and supply of electricity in India may grow up to 70% in the year 2045, if corrective measures are not taken immediately. The projected situation for the growing Indian economy needs to be tackled by measures to reduce demand as well as to explore additional electricity technologies. This paper examines the effect of introducing renewable energy and energy conservation potential on future electricity demand. A logarithmic linear econometric model used in this study shows that if full potential of electricity savings is possible to be introduced the future electricity demand and supply gap is reduced to 50%. The remaining gap will be filled by technological development of renewable energy. The renewable energy capacity has been projected by using time series autoregressive method. The results show that the electricity demand will be completely met in 2045 by using energy conservation and renewable energy technologies such as hydro, wind, biomass, solar etc.
Keywords: electricity demand; energy conservation; forecasting; renewable energy; SPSS; power sector; GHG; greenhouse gases; India.
International Journal of Agile Systems and Management, 2009 Vol.4 No.1/2, pp.171 - 181
Published online: 15 Feb 2009 *Full-text access for editors Access for subscribers Purchase this article Comment on this article