Innotap® Day Ahead LMP Forecaster
Predictive Analytics for Day Ahead Price Forecasts
Provides precision price forecasts for the evolving grid. Updates every 30 minutes with forecast and confidence factor. Alerts available on all aspects of the forecasts, including price spreads between locations. High/Low price bands based on historical error analysis, and historical forecasts preserved for review/replay. Utilizes a dynamic mix of thousands of data elements, including fuel prices, realtime load, capacity, transmission constraints, weather, forecast load, capacity, price dynamics, outages, etc.