One of the fundamental problems for future decision making in energy markets is given by the variability of future scenarios. The applications and services offered by AleaSoft are associated with the future forecasts of the fundamental variables, as well as their variability to calculate the probabilities of future prices and their variables such as demand and renewable energy productions. The outputs can be probability distribution graphs, percentile tables or massive simulations of the market price or associated variables.
AleaSoft’s tools and services allow obtaining all kinds of personalised studies and analyses based on data and forecasts from energy markets.
A very interesting output that AleaSoft offers is the forecast of thousands of price curves with mid-term horizons obtained by simulation and that can serve as input to agent processes.
All forecasts are always made with updated data and with the most recent scenarios.
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 oscillates around the expected value. This feature will continue to be maintained in the future, therefore the importance of the quality of the forecasts and the associated probabilities.