Load Forecasting

demand-forecastingEvery regulated utility has largely the same challenge – balancing demand and supply – the operational and financial penalties for an imbalance are huge and increasingly more accurate and predictable forecasts have a dramatic positive impact on their operations and ROI. Energy generation assets must be balanced in real-time with customer demand. Market prices on energy affect when a utility’s generation assets would be profitable to run. TROVE’s high precision load forecasts allow energy traders to better optimize their buy/sell plans and generation schedules. The application provides real-time, preschedule, and term load forecasts at various levels of aggregation in the utility distribution and transmission networks along with a decision support system for energy market traders to schedule hourly generation dispatch from assets within their control.