Monitoring of data and energy price forecasting, energy demand forecasting and renewables forecasting
Energy-intensive industries and large consumers need to procure energy in the spot market, in futures markets or through PPAs. To purchase or close products for future months, quarters or years, sound scientific forecasting is essential.
At AleaSoft, we provide probabilistic forecasts that guide the closing of positions in futures markets or the signing of bilateral contracts and PPAs.
- Probabilistic forecasts with confidence bands or probability distributions
- Price indications of monthly, quarterly and annual products in futures markets to identify opportunities to acquire energy at favourable prices
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Monitoring of data and energy price forecasting, energy demand forecasting and renewables forecasting
The web-based monitoring application enables visualisation of the data that most influences market price, such as demand, renewable generation and meteorological data. This type of service is necessary for decision-making in short-term and mid-term horizons. Traders and all market agents in general who buy and sell in the market require these data monitoring platforms for real historical and current data, as well as corresponding energy price, demand and renewable generation forecasts. This type of application is also useful for monitoring a Smart City by a TSO or distribution company.
AleaSoft’s online monitoring and analysis tools provide:
- Constantly updated information and forecasts for all European markets, as well as all historical data.
- Statistical analysis tools such as time period comparisons, different data series and histograms, among the most prominent
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Accompanied by experts in the energy markets
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27 years of experience as forecasting leaders in the energy sector
We provide forecasts for all European markets
Hybrid forecasting model based on neural networks, regression and SARIMA model
Strategic consulting for the purchase and sale of energy and energy assets
27 years providing quality forecasts
November 2010 forecast of Spanish electricity market prices. The graph shows the accuracy of the forecasts and confidence bands. An important point to note is that price oscillates around the expected value. This characteristic will continue in the future, which is why the quality of the forecasts and associated probabilities is important.