Recent developments in artificial intelligence and power trading, providing expert insights, news, and practical trends for professionals in the field.
Probabilistic forecasting models provide full predictive distributions, enabling better risk-adjusted decision-making than single-point estimates.
While more complex to implement, they are essential in sectors like energy, meteorology, and finance, where managing uncertainty is critical.
Probabilistic forecasting model as a key approach to risk management
The new QH market in Spain allows for more accurate grid management and deviation handling. Market participants will need to update forecasts and intraday plans as settlements move to 15-minute intervals.
How to align your forecasts with the new market rules
From March 18, 2025, the Spanish electricity market will move toward a more detailed and dynamic operating model, introducing 15-minute intraday trading (QH) and settling deviations at the same time resolution (ISP15).
Offers based on average power (MW)
Day-Ahead market (hourly) and the Intraday market (15-minute)
Increased volatility in imbalance prices
Italian market experience: Integrating with the TIDE regulatory framework
Energy transition is driving a structural shift in energy management. Flexibility and profitability strategies, such as battery use and participation in Balancing Services (SSAA), are key to system optimization—but this transformation also requires the evolution of current energy forecasting models.
Next-generation challenges in renewable energy forecasting
Incorporating SCADA and additional operational data
Advanced forecasting for efficient renewable energy management
The FORECAST service provided by Gnarum allows producers to reduce their imbalance costs from the very early stages of each installation’s commissioning, through the various management platforms of the Last Resort Suppliers (CUR).
Accurate, high-frequency renewable energy forecasting is essential to avoid system imbalances and maximize asset efficiency in the decarbonization process.
The challenge of renewable integration
The role of advanced forecastings
Meter-to-Market: An end-to-end energy management approach
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