The monitoring web application allows you to view the data that most influence the market price, such as demands, renewable productions and meteorological data. This type of service is necessary for decision making in short- and mid-term horizons. Traders and in general all agents who buy and sell in the market need these platforms for monitoring real past and present data, as well as the corresponding forecasts of prices, demands and renewable energy productions. This type of application is also useful for the monitoring of a Smart City by a TSO or a distribution company.
AleaSoft’s online monitoring and analysis tools allow you to have:
Accompanied by experts in the energy markets
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Forecast made in November 2010 of the prices of the electricity market in Spain. The graph shows the success of the forecasts and the confidence bands. An important aspect to consider is that price ranges around the expected value. This feature will continue to be maintained in the future, so the importance of the quality of the forecasts and the associated probabilities.