QuantRisk
AI Load & Demand Forecasting Solutions & Services
FromQuantRisk
AI Load & Demand Forecasting Solutions & Services: Consumers, wholesale, retail and utility load. Intraday, 7 DA & long-term 5-60 mins forecast resolution. Forecast frequency every 5 -10 mins, 24/7. Upper and lower uncertainty forecast bands.
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Clients’ profile. Load serving entities such as utilities, electric co-ops and munis, retail marketers, grid and transmission line operators and generators, operating in real-time intraday and day-ahead, 5-60 mins resolution, markets.
Target.
- Accurate and flexible load forecasts, aggregating or drilling load by any desired criteria, i.e., geographic regions, cities, distribution nodes, or by consumer type (residential, commercial, industrial).
- Net load forecast, i.e., demand net of behind the meter solar generation, needed to optimize the integration of microgrid fleets with utilities’ macrogrid.
- These AI demand forecast models can be short-term intraday, up to 7 days ahead, and medium to long term. In the latter case the model should include what-if-scenarios on exogenous factors, e.g., a shift in temperature up or down by 10 degrees, or some global economic or localized indicators such as consumer load growth by 9%, etc.
Implement real-time 24/7 automated, stand-alone and accurate load forecast solutions, as a web cloud solution that can be easily integrated with in-house trading systems, ISOs, weather data services, and internal data sources, e.g., meters, SCADA, etc.
- QR AI Load Forecaster is fully automated and fetches your load, meter, SCADA, ISO demand data, as well as weather data. Forecast results are published via API or in web dashboards with data visualization and manual download options.
- You can always start with a POC Trial.
- QR AI Load Forecasteroffers a range of intraday, 15 days-ahead and long tern load forecast solutions using advanced custom-configured Deep Learning and Machine Learning AI models.
- Long term forecasts include what-if-scenarios on exogenous factors, e.g., a shift in temperature up or down by 10 degrees, some global economic indicators, or localized indicators such as consumer load growth by 9%, etc.
- Forecast temporal resolution is 5-60 minutes, depending on your data and requirements. QR AI Load Forecaster can scale data while forecasting from lower to higher resolution, e.g., from actual 5-min load data, it can forecast 5-min, 15-min, 30-min or 60-min resolution forecasts.
- Forecasts computation frequency is configurable, e.g., 5-10 minutes, 24/7 for real-time intraday forecasts, and 9-12 am for day-ahead forecast.
- These load forecast solutions can be licensed as a cloud service. No hardware or software installations are needed, just a browser.
