Load and Demand Forecast
System operators and distribution networks need to accurately determine the amount of electricity a given region will consume. The national energy market based on supply and demand is structured according to these definitions.
Forecasting the electricity to be consumed is not only regulated by legislation, but is also necessary for profitable operations. At the national level, energy produced and energy consumed must be in balance. Inaccurate forecasts result in unit cost penalties.
With our extensive know-how in forecasting, we deploy machine learning models that analyze time series and provide accurate forecasts. We present our results in our cloud-hosted SaaS interface that you can easily access.
PROBLEM
How much electricity will a certain region will consume tomorrow?
System operators and distribution networks need to accurately identify the amount of electricity a specific region will consume. National energy market based on demand and supply is structured according to these identifications.
CHALLENGE
Imbalance Costs
Forecasting the electricity that will be consumed is not only legislated by regulations, but also is necessary for running profitable operations. Energy produced and energy consumed should be in balance at a national level. Inaccurate forecasts cause unit cost penalties.
SOLUTION
Day-ahead and Intra-day Demand Forecast
With our extensive know-how in forecasting, we deploy machine-learning models that analyses the time-series and gives accurate forecasts. Results are offered in our cloud-hosted SaaS interface.
