Conditional dynamic forecast of electrical energy consumption requirements in Ghana by 2020: A comparison of ARDL and PAM

Adom, Philip Kofi; Bekoe, William

doi:10.1016/j.energy.2012.06.020

Cited by 66 publications

(44 citation statements)

References 40 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…prices, income and urbanisation), but instead, exhibits a gradual response towards the long‐run equilibrium. In other words, the response of the LPG consumption to shocks (changes) in its determinants exhibits some form of inertia, hence the actual value of LPG at time t is a compromise between its value at t − 1 and the value justified by the current value of the regressors (Erdogdu, ; Adom and Bekoe, ).…”

Section: Methodsmentioning

confidence: 99%

“…Likewise, Inglesi () employed the Engle and Granger approach to forecast electricity demand for South Africa. Finally, Adom and Bekoe () compared forecast results of the ARDL and PAM, and again concludes that the former is more efficient for forecast than the latter.…”

Section: Literaturementioning

confidence: 98%

“…Some of these studies include: Fatai et al . (), Inglesi (), Zuresh and Peter (), and Adom and Bekoe (). Comparing forecast abilities of the ARDL and Engle‐Granger ECM, Fatai et al .…”

Section: Literaturementioning

confidence: 99%

See 2 more Smart Citations

Modelling demand for liquefied petroleum gas (LPG) in Ghana: current dynamics and forecast

Mensah

2014

OPEC Energy Review

View full text Add to dashboard Cite

Gas is fast becoming an integral component of the energy mix in Ghana and holds huge prospects for the future. However, there is still great uncertainty surrounding the size of this potential market and often results in supply shortfalls. The recurrent shortages in the supply of liquefied petroleum gas (LPG) for domestic and industrial consumption pose a great challenge to the goal of promoting access and utilisation of modern and efficient energy to engender sustainable development in Ghana. As a result, this paper investigates the long‐ and short‐run demand drivers of LPG in Ghana and presents a 10‐year forecast of future trends in the demand using the autoregressive distributed lag and partial adjustment model techniques. Results identify income, price and urbanisation as the main drivers of demand. Projections from all three scenarios reveal that demand for LPG will reach a minimum of 5.9 million metric tons by the year 2022. This result has serious implications on both demand and supply side management, and thus calls for stringent efforts to attract the requisite infrastructure to ensure stable and reliable supply of LPG to meet domestic and industrial demands.

show abstract

Section: Methodsmentioning

confidence: 99%

Section: Literaturementioning

confidence: 98%

See 1 more Smart Citation

Modelling demand for liquefied petroleum gas (LPG) in Ghana: current dynamics and forecast

Mensah

2014

OPEC Energy Review

View full text Add to dashboard Cite

show abstract

“…It suffices to mention here that, in Ghana, as a developing country; building adaptations and retrofitting is akin to building transformations/ extensions (Adarkwa, 2012;Oppong and Brown, 2012;Oppong and Adarkwa, 2008;Andersen et al, 2006;Adarkwa and Oppong, 2005;Tipple, 2000;Tipple et al, 1994) with little or zero emphasis on retrofitting. Whilst adaptation and retrofitting place emphasis on green agenda of climate change in the western countries; developing countries such as Ghana, apparently, retrofit and adapt existing buildings to gain more space for commoditization with no considerations for green agenda in terms of materials and components of sustainable building designs and construction; even though, Ghana as most developing countries faces serious energy challenges (Adom and Bekoe, 2012;Sekyere et al, 2012;Perez-Fortes et al, 2012;Nankani, n.d.).…”

Section: Introductionmentioning

confidence: 98%

Exploration of building adaptations and retrofitting challenges in Ghana

Oppong

Masahudu

2014

Structural Survey

View full text Add to dashboard Cite

Purpose -The Ghanaian banking industry has over the last 20 years witnessed tremendous growth to the extent that rural banks are now expanding their activities into urban centres. Hitherto, rural banks operated in rural and peri-urban areas in Ghana, but nowadays, there is an upsurge of rural banks activities in the urban centres of Ghana; and, they operate from rented premises, most of which are existing buildings in the urban areas. To meet the banking demands and the urban banking competitions such as the introduction of new technologies and regulations, the rural banks endeavour to expand (refurbish) the old/existing buildings with inherent adaptation and retrofitting challenges. Even though, adaptation and retrofit projects may not be popular in Ghana at large scales, this paper through combined methodology of constructive dialogue, case studies and condition survey approaches presents rural banks projects in Ghana as case studies of refurbishment and maintenance to "unearth" and resonate some key challenges of managing adaptation and retrofits in Ghana for future effective projects management solutions during their conception and execution. The paper aims to discuss these issues. Design/methodology/approach -Through combined methodology of constructive dialogue, case studies and condition survey approaches this paper presents rural banks projects in Ghana as case studies of refurbishment and maintenance to "unearth" and resonate some key challenges of adaptation and retrofit projects. Findings -The condition survey revealed unprecedented infrastructural drive by rural banks throughout Ghana and their desire to penetrate the urban areas as well. However, this drive unfortunately as it appeared, is not informed and carried out within the confines and dictates of existing legislations in Ghana. Again, it was found that adaptations and retrofitting will improve and integrate the rural banks in the urban economy through prudent project management practices. Research limitations/implications -Availability of local researches and literature on adaptations and retrofitting as project management practices in Ghana. Practical implications -Retrofitting and adaptation projects in Ghana is crucial for project management practices on low-impact building as Ghana faces energy challenges. Social implications -This research brings to bear realistic programme to build capacity of personnel to strategically integrate the rural banks into the central banking system of Ghana as well as project management practices through better and effective monitoring for social, ethical and equity impacts of their project managers. Originality/value -Apparently, adaptation and retrofit projects are not be popular in Ghana at large scales and this is the first time an academic paper of a kind has been written to guide and manage future adaptation and retrofit projects during their conception and execution as well as project management practices in general.

show abstract

“…Adom and Bekoe [12] forecasted electricity consumption of Ghana using an autoregressive distributed lag and partial adjustment models. Nai-Ming, et al [13] used grey and Markov models to predict China's energy demand.…”

mentioning

confidence: 99%

Forecasting Energy Consumption of Turkey by Arima Model

Öztürk

2018

Journal of Asian Scientific Research

View full text Add to dashboard Cite

Article HistoryReceived: 5 December 2017 Revised: 3 January 2018 Accepted: 9 January 2018 Published: 15 January 2018 KeywordsForecasting ARIMA Renewable energy consumption Coal consumption Oil consumption Natural gas consumption Turkey.Forecasting energy consumption has an important role in planning energy strategies for both policy makers and related organizations in any country. In this study, coal, oil, natural gas, renewable and total energy consumption data for 1970-2015 is used to forecast energy consumption of Turkey for the next 25 years, using autoregressive integrated moving average (ARIMA) model. The ARIMA models are determined to be ARIMA(1, 1, 1) for coal consumption, ARIMA (0, 1, 0) for oil consumption, ARIMA (0, 0, 0) for natural gas consumption, ARIMA (1, 1, 0) for renewable energy consumption and ARIMA (0, 1, 2) for total energy consumption. The results indicate that Turkey's energy consumption will continue to increase by the end of 2040. Consumption of coal, oil, natural gas, renewable energy and total energy will continue to increase at an annual average rate of 4.87 %, 3.92 %, 4.39 %, 1.64 % and 4.20 %, respectively in the next 25 years. Contribution/ Originality:This study is one of very few studies, which have forecasted energy consumption of Turkey. Moreover, the forecasted results provide a reference for Turkey to develop energy strategy to solve prevenient energy supply shortage in the future.

show abstract

Conditional dynamic forecast of electrical energy consumption requirements in Ghana by 2020: A comparison of ARDL and PAM

Cited by 66 publications

References 40 publications

Modelling demand for liquefied petroleum gas (LPG) in Ghana: current dynamics and forecast

Modelling demand for liquefied petroleum gas (LPG) in Ghana: current dynamics and forecast

Exploration of building adaptations and retrofitting challenges in Ghana

Forecasting Energy Consumption of Turkey by Arima Model

Contact Info

Product

Resources

About