Short-term electricity demand forecasting

AleaSoft provides short-term electricity demand forecasts with a horizon of up to ten days and a 15-minute or hourly granularity, both at national and regional levels.

These forecasts stand out for their accuracy and reliability, serving as essential tools for efficient energy demand planning and management.

Forecasts are provided in two formats, adapted to the needs of each client:

• Product format: Installation of an application that operates completely automatically, managing both data updates and forecast generation with total autonomy.
• Service format: Daily delivery, 365 days a year, of updated forecasts of demand and the main explanatory variables, ready for immediate use.

AleaSoft’s forecasts are based on a cutting-edge scientific methodology, which combines the power of Artificial Intelligence, time series analysis and statistical models. This hybrid approach ensures maximum accuracy and efficiency in results, positioning our forecasts as a benchmark in the sector.

The main explanatory variables include meteorological data, such as temperature and perceived temperature, as well as working patterns. These factors, integrated through advanced models, allow capturing the dynamics that affect electricity demand with a high level of detail.

AleaSoft’s forecasts are used by a wide range of energy sector players, including Transmission System Operators (TSO), utilities, control centres, retailers and distributors. These tools enable them to plan supply and manage demand more efficiently, optimising operations and reducing operational costs.