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Proprietary electric power data and intelligence that deliver market advantage

Daily reports for buyers and sellers to manage risk, minimize cost, and enhance profitability

Used by power market participants for more than a decade, Genscape’s Market Intelligence service combines advanced, proprietary* modeling technology (SEER) with fundamentals based analytics to create daily reports that allow customers to make more informed buy/sell decisions in order to manage risk, minimize cost, and enhance profitability. The Market Intelligence product serves a wide range of market participants including, physical and financial power traders, congestion and virtual traders, retailers, analysts, regulators, and government entities.

The suite of products covers PJM, MISO, NYISO, NEPOOL, ERCOT, CAISO, SPP, WECC, and Mexico, forecasting the real-time, day-ahead, balance-of-week, next-week (PJM and MISO), balance-of-month, next-month, and one year (WECC) markets.

Each day, Genscape’s team of 50 analysts, meteorologists, and technologists prepare early morning reports and interact extensively with clients to:

  • Optimize buy/sell of physical power and identify trading opportunities in the physical power, financial swap, virtual, and congestion-driven markets
  • Issue demand and wind forecasts using proprietary neural network models and our in-house meteorological team
  • Deliver zonal and hub power price predictions, highly accurate in aggregating over 55,000 pieces of information daily
  • Analyze congestion risks for multiple hubs and zones

*SEER is Genscape’s proprietary analytical modeling platform to help improve the quality and scope of its analysis and predictions 

DAM and RT North Hub Pricing
SOURCE: Genscape’s reports provide day-ahead and real-time price forecasts for each market 

 

 

PRODUCT OVERVIEW

Delivery: Online web portal, emailed PDF reports and instant message

Frequency: Daily

Locations: United States

Subscribe: Call 866 292 8060

Power IQ Free Trial

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The PowerIQ products feature:

  • Daily Hub & Zonal power price forecasts & risks/scenarios
  • In depth congestion analysis, including forecasted constraints & transmission outage commentary
  • Hourly Demand Forecasts, including wind generation forecasts
  • Access to experienced analyst teams & custom breifing calls
  • XML datafeeds & custom charting tools
  • Client-only seasonal outlooks
Read the blog to find out how temperature, cloud cover & dew points affect power prices
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Customers of PowerIQ:

  • Optimize assets, manage trading positions & capitalize on price spreads using the hourly DAM & real time price forecasts
  • Understand the volatility of the supply stack & analyze the possible outcomes for the day with risk scenarios
  • Compare Genscape’s demand forecasts with the ISO to determine where deviations from the load may drive elevated prices
  • Get customized service, as team of analysts are available to run tailored scenarios, diagnosis congestion risks & give insight to daily market volatility
NYISO Day Ahead Forecast
SOURCE: The chart above shows the NYISO day-ahead forecast

 

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Genscape Weather & Power Demand Forecasting

Provides on-demand, up-to-date forecasts & a unique perspective on how weather conditions impact electricity demand

Genscape’s team of meteorologists enhances our PowerIQ Market Intelligence services by providing accurate load forecasts 15 days out and analyzing weather conditions that are driving demand for the major power markets in the contiguous United States.

The foundation of Genscape’s load forecasting process, the proprietary Neurobuilder model, is a sophisticated neural network that trains on each hour of the day using a +/- 45-day window of historical weather and load information. Neurobuilder is capable of capturing short-term shifts in load, such as those driven by snow cover, as well as industrial, commercial, and retail changes in usage, heat waves, and even Christmas lighting.

Genscape’s team of meteorologists is in charge of interpreting and maximizing the model forecasts by correcting model biases and applying changes based on historical load profiles from similar weather days. The information they provide to Genscape’s power market analysts is fundamental in the assessment and forecasting of prices in both the short (‘dailies’) and medium (‘weeklies’) terms.

On a daily basis, Genscape's Meteorology team: 

Weather Map
  • Analyzes weather information from diverse sources, including real-time observations, satellite data, weather radar, statistical model output, and global and high-res model solutions
  • Assesses weather impacts on load for a given forecast day
  • Uploads demand model forecasts and applies changes according to Genscape’s weather/load assumptions and ‘nearest weather’ technique
  • Explains load forecasts and reasoning to power market analysts
  • Provides directional (upside/ downside) risk assessment on load for each forecast day
  • Delivers real-time updates to market analysts and answers customer questions as needed
Meet Genscape's team of meteorologists
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