AleaSoft offers a specific application for TSO, which is used by the operators of the most important electrical systems in Europe. This application allows making forecasts in the short, very short, medium, long and very long term. In addition to TSOs, it can be used by utilities and distributors. This type of application is essential to calculate energy consumption in Smart Cities.
Among the main features os the application are:
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.