Pedersen scored the winning goal the last time the arch-rivals met four years ago in an FA Cup replay, and he is hoping for a repeat performance when they face each other at Ewood Park in the Premier League.
The 28-year-old Norway international has claimed the derby clash is bigger than a game against Manchester United, and he is eagerly anticipating the tie.
"It's the biggest game for the club," he told Blackburn's official website.
"It is bigger to play Burnley in a local derby than it is to play Manchester United if you look at the history. You have to be prepared and I am looking forward to it.
"I didn't understand how big the game was until after that replay, which we won.
"When I scored the crowd went mental and it is probably the loudest I have ever heard Ewood."
Rovers have won five and drawn one of the last six encounters against their Lancashire neighbours,and although Burnley have made a solid start to the season, they are yet to pick up a point or score on their travels.
Blackburn midfielder Vince Grella is a doubt for the match after he came off in Australia's friendly against Holland with a thigh injury.