Gnarum | Empowering your energy
The quarter-hourly (QH) electricity market: Implications and challenges for agents in the Iberian energy market
From 18 March 2025, the Spanish electricity market will take a decisive step towards greater operational granularity with the implementation of the intraday market in 15-minute intervals (QH) and the settlement of deviations at the same resolution (ISP15). From 1 May onwards, deviations will be settled on the basis of fifteen-minute granularity, in accordance with […]
Read MoreKeys to obtaining accurate predictions in a quarter-hourly electricity market (QH)
The implementation of the quarter-hourly market (QH) in the Spanish electricity sector is a significant change that allows for more accurate allocation of deviations and more optimised operation of the electricity system. However, it requires agents to adapt their forecasting, operation and settlement systems to handle these more granular intervals. From 1 May onwards, deviations […]
Read MoreDo you have a newly commissioned renewable installation represented by CUR and want to start optimising your energy as soon as possible?
The FORECAST Service enabled by Gnarum, allows producers to reduce their diversion costs from the early stages of implementation of each installation, through the various management platforms of the Last Resort Suppliers (CUR). As a general rule, renewable energy producers use a Representative Agent in the free market to intermediate with OMIE and REE in […]
Read MoreThe probabilistic forecasting model, a substantial improvement in risk management of renewable generation
Point forecasting methodologies entail estimating a single scalar value as the anticipated future value of a target variable. This approach remains ubiquitous across numerous industrial and research applications due to its provision of a definitive, easily interpretable output.聽 In the context of the energy sector, for instance, a wind power forecasting model may output a […]
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