Business Context
“Electric Consumption” is the form of energy consumption that uses electric energy. Electric energy consumption is the actual energy demand made on existing electricity supply. Electric and electronic devices consume electric energy to generate desired output (i.e., light, heat, motion, etc.). During operation, some part of the energy depending on the electrical efficiency is consumed in unintended output, such as waste heat.
Electricity is an essential part of modern life and important to the U.S. economy. People use electricity for lighting, heating, cooling, and refrigeration and for operating appliances, computers, electronics, machinery, and public transportation systems. Electricity consumption includes retail sales of electricity to consumers and direct use electricity. Direct use electricity is both produced by and used by the consumer. The industrial sector generates and uses nearly all of the direct use electricity. In 2018, retail sales of electricity were about 3.80 trillion kWh, equal to 96% of total electricity consumption. Direct use of electricity by all end-use sectors was about 0.14 trillion kWh, or about 4% of total electricity consumption.
Electricity use by fans and air-conditioning equipment for cooling the interior space of homes was the single largest use of electricity by the U.S. residential sector in 2018. Refrigeration is the largest single use of electricity in the commercial sector. The commercial sector includes retail, office, education, institutional, public, and government facilities, and public services such as water supply, sewage treatment, telecommunications equipment, and outdoor and public street lighting
AI Model Details
- Naïve Bayes
- Logistic Regression
- Random Forest
- Decision Tree
