Summary
The document is a report detailing the findings of the 2024 Forecasting Benchmark Survey conducted by Itron, Inc. This annual survey has been ongoing since 2012 and aims to provide insights into electric and natural gas industry forecasting practices. The survey collected data from 121 respondents, including electric utilities and natural gas companies, representing a significant portion of energy consumption in the United States and Canada. The report outlines various sections, including forecast accuracy, electric and natural gas forecast growth, customer growth, and sales growth across different sectors. It presents statistical data on forecast accuracy, highlighting a return to pre-pandemic levels, and discusses the expected growth in electric sales driven by factors such as electric vehicle adoption and building electrification. Additionally, the report examines customer growth trends and sales forecasts, indicating challenges faced by the industry, particularly in the natural gas sector, which anticipates flat to declining sales in the future.
