Acelerex’s Price Forecasting module provides accurate, hourly or sub-hourly energy and ancillary price forecasts using the fundamentals-based model and econometric method of Implied Heat Rate (IHR). These short and long-term forecasts are critical for evaluating project revenues, performing asset dispatch calculations, and conducting asset valuation studies.
Key Features of the Acelerex Price Forecasting
- Capacity, Energy (hub & nodal), and Ancillary Service market forecasts for all US & Canadian Wholesale markets
- Multi-parallel and scalable forecast capabilities for project-specific revenue analysis
- Evaluate multiple nodes to support data-driven project decisions.
- Flexible source options for forecasting inputs:
- Acelerex Data Warehouse: Access historical energy and ancillary prices and forecasted fuel prices
- Custom Inputs: Upload user-defined profiles for tailored forecasting
- Seamless integration with the Acelerex Stacked Services Emulator (SSE) software module for revenue evaluation
Energy Price Forecasts
- Market Option: Utilize existing market data for price forecasting.
- Custom Option: Tailor price forecasts using user-defined parameters.
Ancillary Price Forecasts
- Market Option: Base forecasts on historical ancillary service market data.
- Custom Option: Customize ancillary price forecasts with user-specific inputs.
Use Case: Price Forecasting for Renewable Energy Projects
Scenario:
An energy developer is planning a solar + storage project and requires accurate price forecasts to evaluate project revenues and inform investment decisions.
Solution Implementation:
- Energy Price Forecasting: Use the market option to predict hourly energy prices based on historical trends.
- Ancillary Price Forecasting: Customize ancillary price forecasts to account for project-specific conditions.
- Multi-Node Analysis: Evaluate multiple market nodes to identify the optimal location for project deployment.
- Custom Inputs: Upload proprietary fuel price profiles to refine forecast accuracy.
- Revenue Evaluation: Integrate forecasts with the SSE module to simulate project revenues under various scenarios.
Outcome:
The developer gains precise revenue insights, enabling informed site selection and investment decisions.
Why Choose Acelerex Price Forecasting?
Acelerex delivers scalable, accurate, and flexible price forecasting solutions tailored to your project’s unique requirements. Contact us to empower your project planning, valuation, and execution with actionable insights from Acelerex!