Short-Term Power Forecasting

Short-term (5-minute ahead) power forecasting service by Utopus Insights allows renewable power producers to do Self Forecasts in Australia for the National Electricity Market (NEM) with far greater certainty, reducing the amount of Frequency Control Ancillary Services (FCAS) to be supplied to the grid, and lowering cost-prohibitive penalties. This opens up the opportunity for more renewable energy to flow into a more stable electric grid.

Using our forecasting service, power producers can submit 5-minute ahead Dispatch Forecasts in addition to ANEMOS Dispatch Forecasts. This enables the output of semi-scheduled generators to be closer to offers in the National Electricity Market Dispatch Engine (NEMDE).