E-world energy & water, held February 5 – 7 in Essen, Germany, is the leading trade fair for the European energy industry. International decision makers gather in Essen each year to learn the latest industry developments. The leading topic of this year’s event is “Smart City and Climate Solutions”, to address how digitalisation can make the energy industry more efficient and sustainable. In addition, trading and finance is a major focus area, with a joint booth as well as a forum offering presentations and panel discussions to give visitors a deeper understanding.
Meet our experts at E-world and find out how to take your trading to the next level.
One of the most interesting solutions VisoTech is presenting at E-world this year allows innovative energy companies to stay ahead of the curve in weather forecasting.
For renewable energy, weather is the predominant factor in generation; this makes accurate weather forecasts critical inputs to energy trading. Unfortunately, these forecasts can be significantly inaccurate, especially when it comes to wind. This can translate to hourly forecasts that deviate by several GW. However, most companies trading on European power markets follow the same weather forecast, leading them to make similar assumptions. When the forecast is off, everyone’s estimates are off.
What if you could anticipate in advance how much these forecasts are likely to deviate? It would gave you a major advantage over the competition, allowing you to take a position earlier and to more accurately predict price developments.
VisoTech and Energy Weather have teamed up to deliver exactly this capability. Read the full story “Against the Wind” to find it how the solution works – and how you can use it to beat the competition.
About Energy Weather
Energy Weather‘s meteorologists and IT staff have a unique market understanding of weather service providers based on years of experience in providing direct advice to traders in leading energy trading houses. Six years ago, Energy Weather presented their first product for the energy industry with PV performance forecasts and in the first year was ranked top vendor in a comparative competition. Meanwhile, their products include a growing range of analytical offerings. They put their wealth of experience to use for their broad customer base and turn weather data into profit-making products for traders and analysts.