International Journal For Multidisciplinary Research

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Future Consumption Scenarios of the Power Sector in Bangladesh

Author(s) Md. Al Zabir Hassan Mithen, Md Atiqul Islam
Country Bangladesh
Abstract Future electricity demand is an essential prerequisite for planning the expansion of a power system. The purpose of this paper is to provide a forecast of electricity consumption in Bangladesh. The forecast is done here for total as well as sector-wise consumption up to 2040 considering the base year 2009. The time series analysis to find the trend line by the method of Least Squares (LS) is applied in this study. We accumulated data from the annual reports of the Bangladesh Power Development Board for the years 2009 to 2023 and used that for forecasting purposes. For convenience and policy purposes, the forecast is presented for every five-year interval. The findings have significant implications with respect to energy conservation and economic development. As the study differentiated sector-wise projected growth of electricity consumption in Bangladesh, it has implications for the planners related to the electricity distribution system. The findings can create awareness among the planners of power system expansion in Bangladesh to meet the continuous future development demand.
Keywords Electricity Consumption, Time Series, Least Squares Method, Linear Trend Line, Forecast, Bangladesh
Field Sociology > Economics
Published In Volume 6, Issue 5, September-October 2024
Published On 2024-10-20
Cite This Future Consumption Scenarios of the Power Sector in Bangladesh - Md. Al Zabir Hassan Mithen, Md Atiqul Islam - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.28900
DOI https://doi.org/10.36948/ijfmr.2024.v06i05.28900
Short DOI https://doi.org/g8np8v
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