Case Study: Old Dominion Electric Cooperative (ODEC) keeps rates low and saves members millions with SAS® Energy Forecasting

ODEC energizes utility demand forecasts

Old Dominion Electric Cooperative (ODEC) is a wholesale power provider for 11 non‑profit distribution cooperatives in Virginia, Maryland and Delaware, serving 1.4 million customers. Faced with the need to accurately forecast months‑ and years‑ahead energy demand—while buying more than half its power on the market, keeping rates low for members and demonstrating transparency for regulators—ODEC needed a more reliable, scalable forecasting approach than spreadsheets and off‑the‑shelf tools.

By adopting SAS® Energy Forecasting, ODEC automated model building, improved data validation with pre‑verified data marts, and gained full transparency for audits. Within two years it cut rates four times, saved members millions, and produced budget forecasts within 1% accuracy, while accelerating forecast updates and enabling planning for renewables and peak‑hour management.

ODEC

David Hamilton

Manager of Load Forecasting