Most of the economic activities are subjected to the influence of weather and climatic fluctuations. The most sensitive among them is the electricity market where the demand for it is linked to many weather related variables, viz., air temperature, relative humidity, rainfall, wind speed etc. Since large amount of electricity cannot be stored, produced electricity should be instantly consumed. Hence a good modelling of forecasting electricity demand is therefore depend upon the sectoral consumption pattern of electricity that fluctuate in different seasons in a year. Moreover the influence of weather and climate on electricity demand in different sectors is not uniform throughout a year. Modelling of electricity consumption is multivariate exercise consisting in a mix between climate and other important economic factors. The constituents of economic factors are energy prices, income, energy demand index etc.

Energy price, Income ,Demand Index etc.