AleaPriceMid-Nordic

AleaSoft provides energy forecasting of price and demand for the Nord Pool Spot Market of Nordic Countries (Norway, Sweden, Finland, Denmark, Estonia, Lithuania and Latvia), at short, mid and long term.

Offered services:

  • Installation of solutions in client offices
  • Service of forecast delivery by email or FTP
  • Service of market report delivery, weekly and monthly, by email
  • Service of market data supply by email or FTP
Energy Price Forecasting

AleaPriceShort

The AleaPriceShort solution generates hourly forecasts of the energy prices (Day-ahead market, Elspot) of the Nordic countries for the short term, with a 10 day horizon (from D+1 to D+10).
AleaPriceShort. Previsiones horarias de precio de los países Nórdicos

AleaPriceMid

The AleaPriceMid solution generates hourly forecasts for the price of energy for the Nord Pool Spot (Day-ahead market, Elspot), for the Nordic Countries for the mid term, with a 3 year horizon.
AleaPriceMid. Previsiones horarias de precio de los países NórdicosIt includes scenario tools for fuels (Oil, Gas, Coal) and other variables used in price forecasting (CO2, exchange rates, demand, hydroelectric production, nuclear production, wind power production, etc) in order to obtain alternative price forecasting considering possible values of these variables.

AleaPriceLong

The AleaPriceLong solution generates monthly forecasts for the price of energy of Nord Pool Spot (Day-ahead market, Elspot), for the Nordic Countries for the long term, with a horizon of up to 10 years. The AleaPriceLong solution is flexible, in order to adapt to the criteria of your requirements. It includes the scenarios tools for fuels (Brent, Gas, Coal) and other variables used in price forecasting (CO2, exchange rates, demand, hydroelectric production, nuclear production, wind power production, etc) in order to obtain alternative price forecasting considering possible values of these variables.

Energy Demand Forecasting

AleaDemandShort

The AleaDemandShort solution generates hourly forecasts of the energy demand of Norway, Sweden, Finland, Denmark, Estonia, Lithuania and Latvia for the short term, with a 10 day horizon.
AleaDemandShort. Previsiones horarias de demanda de los países Nórdicos

AleaDemandMid

The AleaDemandMid solution generates hourly forecasts of the energy demand of Norway, Sweden, Finland, Denmark, Estonia, Lithuania and Latvia for the mid term, with a 3 year horizon.
AleaDemandMid. Previsiones horarias de demanda de los países Nórdicos

It includes functionalities to analyse forecast variability useful for the decision-making process, such as:

  • Temperature and socioeconomic scenarios
  • Confidence interval information, providing information about complementary forecasts, important to consider during decision-making

AleaDemandLong

AleaDemandLong solution generates monthly forecasts of the energy demand of Norway, Sweden, Finland, Denmark, Estonia, Lithuania and Latvia for the long term, with up to a 10 year horizon. The AleaDemandLong solution includes functionalities to analyse a variety of variabilities useful for the decision-making process, such as:

  • The possibility of selecting one of several models to generate a forecast, therefore obtaining different forecasts for the same variable.
  • Temperature and socioeconomic scenarios.
  • Confidence interval information, giving information about complementary forecasts to consider in the decision making.
  • Sensitivity analysis tools of the demand related to the temperature and economy evolution.
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