Reliable Prediction of Energy Forecast

How does energy demand develop?

When forecasting gas demand, the network must always be optimally utilized. For objective predictions, short-term, fine granular data can be analyzed on an hourly and daily basis. It should also be taken into account that the current weather has an influence on the energy demand. How much energy demand should we expect in the next few weeks?

Solution: online forecasting system that takes external influencing factors into account

prognostica provides an automated online forecasting system, which once a week generates daily gas forecasts for the coming weeks. The forecasts are based on historical gas demand data, taking into account multiple seasonalities, as well as weather data. Best and worst case estimates are provided with the help of prediction intervals.

Benefits: cost savings through optimal management

• Save costs and avoid investments
• Obtain basis for contract negotiations with energy suppliers
• Avoid short-term energy purchases from the spot market

Download

You can download a detailed use case on the topic “Energy Forecast” in German:
Download Energy Forecasting Case Study (German)