Power Markets

e-ISOForecast® / e-PowerForecast®

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Possess the Power to Predict Market Behavior

e-ISOForecast® & e-PowerForecast® are 24/7 online forecasting services that provide real-time hourly or sub-hourly load and price forecasts for up to 15 days out for ISOs/power markets in North America (e-ISOForecast®) and selected continental Europe (e-PowerForecast®). This service also provides one-year out load forecasts for the markets. The forecasting engine consists of an ensemble of several different intelligent system-based models that employ various state-of-the-art technologies. The utilized weather data is a blend of forecasts provided by four major weather vendors. The forecasts are updated continually using
1) actual load and price data as soon as it becomes available on the market websites
2) actual weather and/or updated weather forecasts.
This is an ideal tool for all entities that transact with power markets such as power traders, generation asset owners, Retail Electric Providers and co-gens.

Provided Forecasts

Hourly & Sub-Hourly load and price forecasts for up to 15 days out. Load forecasts include System-Wide, Regional, Zonal, and Balancing Authorities loads. Price forecasts are provided for a variety of price types such as Day-Ahead and Real-Time LMPs, Energy only prices, pool prices and FMM and HASP prices.

These forecasts are available for the following markets (Note: market wind & solar generation forecasts are also available via the e-AccuWind®  and
e-SolarForecast™ services):

(North American Power Markets)

  • PJM
  • MISO
  • NY-ISO
  • ISO-NE
  • SPP
  • WECC
  • Ontario IESO
  • Alberta AESO

(International Power Markets )

  • Mexico
  • Germany
  • Spain
  • France
  • Italy
  • Switzerland
  • Austria
  • Netherlands
  • Belgium

One-year out load forecasts using a number of weather scenarios are also available for several of the above markets.

State of the Art Forecasting Process

  • Ensemble of Intelligent System Based Forecasting Models
  • Weather data provided by four major weather data services
  • Daily IM Commentary on Market Load Forecasts from a Meteorologist
  • User Interaction with Forecasting Models (optional feature)
  • Continuous quality control & monitoring

Interactive Web Portal with Analytical Tools

  • Forecasts are available through a user friendly interactive web portal
  • Various analysis tools such as:
    • Graphical and tabular display of forecasts
    • Comparison with forecasts posted by markets
    • Record of forecast history
    • Accuracy analysis for various forecast horizons
    • Confidence Intervals
    • Comparison with like day data
    • Viewing past actual data
    • Downloadable in a variety of file formats

Other Modes of Access

  • Forecasts are available on an FTP site with various formats such as CSV, XML and text
  • Microsoft Excel® interface with variety of tools
    • Weather forecasts can be modified to generate corresponding load forecasts
    • Forecasts can be compared to Like Days in history or other user-selected days
    • Forecast reshaping tools
    • Analysis tools for past performance & accuracy
    • User developed macros can be embedded

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