Power markets are volatile. Be prepared for the impact when strong demand hits the grid.
High levels of demand lead to "coincident peak" (CP) days, an important mechanic in several power markets across North America. Through our powerful neural network model, state of the art weather data, and experienced meteorologists, we correctly identify and monitor peak demand days as far as a week in advance and provide day-of and Day-Ahead forecast alerts. Our daily demand forecasts consistently outperform those of system operators.
Once we create a demand forecast, we assess CP risk based on previous load peaks and our short- and/or long-range expectations, depending on the power market region and their CP protocol. With this methodology, we accurately predict peak demand days, keeping you prepared for when the market shifts.
Must-have insights into demand with:
- Cost-Saving Insights: With our data, significantly reduce charges from your transmission and distribution service provider by curtailing electricity usage during peak events.
- Full Transparency: Minimize the number of times your facility has to react to false alarm coincident events. Our meteorologists and demand forecasting teams keep you prepared with eyes on the grid during market hours.
- Extensive Coverage: We cover the most influential power market regions across North America:
- ERCOT 4CP: One hourly system-wide peak per month (June - September)
- PJM 5CP: Five top system-wide demand hours on separate days (June - September)
- ISO-NE ICAP: One peak hour (June - September)
- NY-ISO: One peak hour per year
- Ontario Global Adjustment: Five top system-wide demand hours on separate days
(annual calendar starting May 1)
Ensure demand fluctuations don't impact operations during the strongest demand hours. Use PeakAlerts to understand when peak demand may be approaching. Reduce costs associated with serving load by triggering demand response or other incentives for your clients to reduce power consumption.
COMMERCIAL & INDUSTRIAL POWER USERS:
We notify you of forecast system peaks so you can curtail electricity usage and reduce peak demand charges. Save money by knowing when to reduce loads during the periods when your demand charges are calculated.