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One of the most desired aspects for power suppliers is the acquisition/sale of energy for a future demand. However, power consumption forecast is characterized not only by the variables of the power system itself, but also related to social–economic and climatic factors. Hence, it is imperative for the power suppliers to project and correlate these parameters. This paper presents a study of power load forecast for power suppliers, considering the applicability of wavelets, time series analysis methods and artificial neural networks, for both mid and long term forecasts. Both the periods of forecast are of major importance for power suppliers to define the future power consumption of a given region. The paper also studies the establishment of correlations among the variables using Bayesian networks. The results obtained are much more effective when compared to those projected by the power suppliers based on …