Forecating
Load Forecasting
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Load Forecasting
PowerForecaster is a statistical tool, employing weather data and historical actual load data as input to generate load forecasts on a day-ahead and hourly basis and present the results to the RTOs for each service territory. LMP forecasting can also be performed using statistical analysis
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POWERFORECASTER
PowerForecaster is a statistical tool, employing weather data and historical actual load data as input to generate load forecasts on a day-ahead and hourly basis and present the results to the RTOs for each service territory. End users may choose to either use the Load Forecast created by the product, modify the Load Forecast, or enter their own Load Forecast. PowerForecaster can be run several times each morning as part of the day-ahead process and executed each hour with revised weather updates. Historical Load and Forecasted Load data resides in the databases indefinitely.
- AS Modeler creates a bottom-up Load Forecast
- Operations Modeler provides top-down Load Forecasting
- Weather Forecasts for specific cities from multiple vendors can be utilized
- Integration with over 10+ weather vendors out fo the box
FREQUENTLY ASKED QUESTION
NERC GADS data is submitted through the GADS Open Source software or third party apps like PowerGADS. It includes operational statistics, event data, and derived statistics, following NERC’s defined formats and protocols.
NERC GADS provides comprehensive operational data that helps identify patterns, trends, and anomalies. This information aids in enhancing the reliability and efficiency of the power grid.
NERC provides detailed guidelines outlining the methods for data collection, the formats for data submission, the types of events to report, and how to conduct data audits. It ensures the data’s accuracy and consistency.
